DRIVEN BRANDS HOLDINGS INC (DRVN) Stock Technical Analysis
NASDAQ:DRVN - Nasdaq - US26210V1026 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to DRVN. Both in the recent history as in the last year, DRVN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that DRVN is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by DRVN over the past year are nicely spread over this period.
DRVN is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 89% of 83 stocks in the same industry.
DRVN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DRVN is leading the market.
In the last month DRVN has a been trading in the 17.02 - 18.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, DRVN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.89
18.65
We found 8 important support areas.
- Support @18.20 from a horizontal line in the weekly time frame.
- A support zone ranging from 17.57 to 17.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.09 to 17.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.37 from a trend line in the weekly time frame.
- Support @16.10 from a horizontal line in the weekly time frame.
- A support zone ranging from 15.23 to 15.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.92 from a horizontal line in the daily time frame.
- Support @11.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.47 to 18.47. This zone is formed by a combination of multiple trend lines 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 | 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 | 92.53 | POSITIVE | DRVN has a high relative strength, it outperformed 92.53% 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) | 54.4 | NEUTRAL | The RSI value for DRVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests DRVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.48 | NEUTRAL | The Stochastics value for DRVN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for DRVN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.16 | NEGATIVE | The low ADX value for DRVN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 18.48 | 17.56 | 0.92 (4.98%) | 20.09% |
| An entry @18.48. This is a Buy Stop order right above the resistance zone. | An exit @17.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.92 points, which is 4.98%. | For a 1.00% total portfolio risk, you can invest 20.09% of your capital in this trade. |
- 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.
NASDAQ:DRVN (6/3/2025, 12:56:13 PM)
18.215
+0.32 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg1.76%
1 Week3.95%
2 Weeks-1.65%
1 Month4.5%
3 Month11.46%
6 Month7.64%
12 Month59.68%
2 Year-33.85%
3 Year-35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%3.16%
ATR Inc-13.57%
Range Today0.37
ADR(20)0.54
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.53
Mansfield1.18
10 Day High18.4
10 Day Low17.02
20 Day High18.72
20 Day Low17.02
52 Week High18.72
52 Week Low10.88
CS1 End17.9
CR1 Start18.2
Volume & EV
DER(3)0.6%
DER(5)1.49%
Volume434.26K
Volume Incr-9.86%
Vol(5)642.80K
Vol(50)709.09K