DRIVEN BRANDS HOLDINGS INC (DRVN) Stock Technical Analysis
NASDAQ:DRVN - Nasdaq - US26210V1026 - Common Stock - Currency: USD
We assign a technical rating of 9 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 80% of all stocks. We also observe that the gains produced by DRVN over the past year are nicely spread over this period.
DRVN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DRVN is lagging the market slightly.
In the last month DRVN has a been trading in the 16.81 - 18.23 range, which is quite wide. It is currently trading near the high of this range.
DRVN is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry, DRVN did better than 69% of them.
Besides having an excellent technical rating, DRVN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.47, a Stop Loss order could be placed below this zone.
More info and screens
14.84
18.65
6 important support areas can be observed.
- A support zone ranging from 17.38 to 17.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.76 to 16.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.35 from a trend line in the weekly time frame.
- Support @15.74 from a trend line in the daily time frame.
- Support @15.23 from a horizontal line in the daily time frame.
- Support @14.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.36 to 18.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 80.27 | POSITIVE | DRVN has a high relative strength, it outperformed 80.27% 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 | MIXED | The current price of DRVN is below 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) | 50.45 | NEUTRAL | The RSI value for DRVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DRVN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.66 | NEUTRAL | The Stochastics value for DRVN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for DRVN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.15 | 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 | 17.37 | 1.11 (6.01%) | 16.65% |
| An entry @18.48. This is a Buy Stop order right above the resistance zone. | An exit @17.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.11 points, which is 6.01%. | When investing 16.65% 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.
17.63
-0.52 (-2.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-2.87%
1 Week-2.43%
2 Weeks2.26%
1 Month0.46%
3 Month9.37%
6 Month15.76%
12 Month35.41%
2 Year-31.85%
3 Year-41.97%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%3.06%
ATR Inc59.35%
Range Today0.59
ADR(20)0.53
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.27
Mansfield0.25
10 Day High18.23
10 Day Low17.21
20 Day High18.23
20 Day Low16.81
52 Week High18.72
52 Week Low12.66
CS1 End17.47
CR1 Start18.36
Volume & EV
DER(3)1.59%
DER(5)2.66%
Volume588.60K
Volume Incr44.46%
Vol(5)906.32K
Vol(50)721.53K