USA - NASDAQ:DRVN - US26210V1026 - Common Stock
Taking everything into account, DRVN scores 0 out of 10 in our technical rating. DRVN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
DRVN 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.
14.10
We found 1 important support area.
When analyzing the resistance we notice 2 important areas.
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 DRVN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRVN is down. |
| ChartMill Relative Strength | 19.24 | NEGATIVE | DRVN has a low relative strength, it was outperformed by 80.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRVN is below a declining 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) | DOWN | NEGATIVE | The current price of DRVN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.58 | NEUTRAL | The RSI value for DRVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DRVN has a negative trend. |
| Stochastics (14,3) | 24.72 | NEUTRAL | The Stochastics value for DRVN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for DRVN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.35 | NEGATIVE | The low ADX value for DRVN suggests a weak or negative trend. |
14.485
-0.53 (-3.5%)
ChartMill assigns a technical rating of 0 / 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 38.5758. This indicates that the stock is currently neutral.
The short term momentum for DRIVEN BRANDS HOLDINGS INC (DRVN) is negative.
The buy/sell signal for DRIVEN BRANDS HOLDINGS INC (DRVN) is sell as both the short term and long term trends are negative.