LEONARDO DRS INC (DRS) Stock Technical Analysis
USA - NASDAQ:DRS - US52661A1088 - Common Stock
We assign a technical rating of 0 out of 10 to DRS. DRS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
DRS has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
32.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 35.63 to 35.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.73 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @39.09 from a trend line in the daily time frame.
- A resistance zone ranging from 41.25 to 41.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @42.37 from a trend line in the weekly time frame.
- Resistance @43.94 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DRS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRS is down. |
| ChartMill Relative Strength | 23.57 | NEGATIVE | DRS has a low relative strength, it was outperformed by 76.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.05 | OVERSOLD | The low RSI value suggests DRS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests DRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.5 | OVERSOLD | The low Stochastics value suggests DRS may be oversold. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for DRS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.64 | POSITIVE | The high ADX value value for DRS suggests a strong trend. |
35.76
-0.39 (-1.08%)
LEONARDO DRS INC / DRS FAQ
What is the technical rating for DRS stock?
ChartMill assigns a technical rating of 0 / 10 to DRS.
What is the current trend direction of LEONARDO DRS INC (DRS) stock?
The current trend direction for LEONARDO DRS INC (DRS) is Bearish.
What is the RSI signal for LEONARDO DRS INC (DRS) stock?
LEONARDO DRS INC (DRS) has an RSI value of 29.048. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for LEONARDO DRS INC?
The buy/sell signal for LEONARDO DRS INC (DRS) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for LEONARDO DRS INC?
LEONARDO DRS INC (DRS) has a support level at 35.75 and a resistance level at 39.09. Check the full technical report for our detailed analysis of DRS support and resistance levels.