We assign a technical rating of 6 out of 10 to DRVN. DRVN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- DRVN is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 86% of 76 stocks in the same industry.
- In the last month DRVN has a been trading in the 14.54 - 16.95 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, DRVN did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
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13.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.24 to 15.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.50 to 14.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.96 from a trend line in the weekly time frame.
- Support @13.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @16.89 from a horizontal 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 | 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 | 72.31 | POSITIVE | DRVN has a high relative strength, it outperformed 72.31% off all stocks 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) | UP | POSITIVE | The current price of DRVN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.57 | 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) | 86.65 | OVERBOUGHT | The high Stochastics value suggests DRVN may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for DRVN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.15 | NEGATIVE | The low ADX value for DRVN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.90 | 15.04 | 1.86 (11.01%) | 9.09% |
| An entry @16.90. This is a Buy Stop order right above the resistance zone. | An exit @15.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.86 points, which is 11.01%. | When investing 9.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.66
-0.23 (-1.36%)
DRIVEN BRANDS HOLDINGS INC / DRVN FAQ
Can you provide the ChartMill technical rating for DRIVEN BRANDS HOLDINGS INC?
ChartMill assigns a technical rating of 6 / 10 to DRVN.
What is the current trend direction of DRIVEN BRANDS HOLDINGS INC (DRVN) stock?
The current trend direction for DRIVEN BRANDS HOLDINGS INC (DRVN) is Bearish.
Can you provide the RSI signal for DRIVEN BRANDS HOLDINGS INC?
DRIVEN BRANDS HOLDINGS INC (DRVN) has an RSI value of 63.5654. This indicates that the stock is currently neutral.
What is the short term momentum for DRVN stock?
The short term momentum for DRIVEN BRANDS HOLDINGS INC (DRVN) is positive.