DRVN Technical Analysis - DRIVEN BRANDS HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, DRVN scores 5 out of 10 in our technical rating. In the last year, DRVN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

In the last month DRVN has a been trading in the 16.82 - 19.74 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the performance of all stocks over the past year, DRVN turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.

DRVN is an average performer in the Commercial Services & Supplies industry, it outperforms 63% of 84 stocks in the same industry.

DRVN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRVN is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DRIVEN BRANDS HOLDINGS INC / DRVN Weekly stock chart

DRIVEN BRANDS HOLDINGS INC / DRVN Daily stock chart

Setup Rating and Analysis

DRVN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.77

17.46

When analyzing the support we can see 3 important areas.

A support zone ranging from 16.88 to 17.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @15.23 from a horizontal line in the daily time frame.
A support zone ranging from 14.92 to 14.92. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for DRVN is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DRVN is neutral.
ChartMill Relative Strength	61.08	NEUTRAL	DRVN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of DRVN is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DRVN is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DRVN is above the rising SMA(200).
Relative Strength Index/RSI (14)	40.91	NEUTRAL	The RSI value for DRVN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests DRVN has a negative trend.
Stochastics (14,3)	10.37	OVERSOLD	The low Stochastics value suggests DRVN may be oversold.
Average True Range in percent/ATR (20)	3.27	MEDIUM VOLATILITY	The ATR as a percentage value for DRVN suggests some volalility.
Average Directional Index/ADX (14)	29.2	POSITIVE	The high ADX value value for DRVN suggests a strong trend.