DRVN Technical Analysis - DRIVEN BRANDS HOLDINGS INC

Technical Rating and Analysis

Overall DRVN gets a technical rating of 0 out of 10. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

75% of all other stocks performed better in the past year than DRVN.

DRVN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month DRVN has a been trading in the 14.21 - 18.37 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.

DRVN has an average volume of 1067240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

DRVN is an average performer in the Commercial Services & Supplies industry, it outperforms 53% of 84 stocks in the same industry.

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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

The technical rating of DRVN is bad and it also does not present a quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.16

16.28

We found 1 important resistance area.

A resistance zone ranging from 15.99 to 16.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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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	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	25.13	NEGATIVE	DRVN has a low relative strength, it was outperformed by 74.87% 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)	16.79	OVERSOLD	The low RSI value suggests DRVN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.18	NEGATIVE	The MACD value suggests DRVN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	3.54	OVERSOLD	The low Stochastics value suggests DRVN may be oversold.
Average True Range in percent/ATR (20)	3.12	MEDIUM VOLATILITY	The ATR as a percentage value for DRVN suggests some volalility.
Average Directional Index/ADX (14)	29.89	POSITIVE	The high ADX value value for DRVN suggests a strong trend.