Taking everything into account, DRVN scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. DRVN was also a bad performer in the overall market in the last year.
DRVN has an average technical rating and also the quality of the setup is only medium 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.
13.38
4 important support areas can be observed.
We found 1 important resistance area.
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 | NEUTRAL | NEUTRAL | The long term trend for DRVN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRVN is up. |
| ChartMill Relative Strength | 30.88 | NEUTRAL | DRVN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRVN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRVN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRVN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.3 | NEUTRAL | The RSI value for DRVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests DRVN has a positive trend. |
| Stochastics (14,3) | 87.21 | OVERBOUGHT | The high Stochastics value suggests DRVN may be overbought. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for DRVN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.22 | NEGATIVE | The low ADX value for DRVN suggests a weak or negative trend. |
15.65
+0.09 (+0.58%)
ChartMill assigns a technical rating of 4 / 10 to DRVN.
The current trend direction for DRIVEN BRANDS HOLDINGS INC (DRVN) is Bearish.
DRIVEN BRANDS HOLDINGS INC (DRVN) has an RSI value of 57.2973. This indicates that the stock is currently neutral.
The short term momentum for DRIVEN BRANDS HOLDINGS INC (DRVN) is positive.