DRIVEN BRANDS HOLDINGS INC (DRVN) Stock Technical Analysis
NASDAQ:DRVN - US26210V1026 - Common Stock
18.38 USD
+0.21 (+1.16%)
18.38 USD
0 (0%)
Taking everything into account, DRVN scores 8 out of 10 in our technical rating. DRVN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that DRVN is one of the better performing stocks in the market, outperforming 75% of all stocks. On top of that, DRVN also shows a nice and consistent pattern of rising prices.
DRVN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month DRVN has a been trading in the 16.29 - 18.77 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
DRVN is an average performer in the Commercial Services & Supplies industry, it outperforms 66% of 84 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DRVN has an excellent technical rating, it does not offer a high 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.
More info and screens
15.08
18.79
We found 3 important support areas.
- A support zone ranging from 17.20 to 17.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.55 to 16.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.39 to 18.60. 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 | 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 | 75.97 | POSITIVE | DRVN has a high relative strength, it outperformed 75.97% 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) | 62.57 | NEUTRAL | The RSI value for DRVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests DRVN has a positive trend. |
| Stochastics (14,3) | 85.03 | OVERBOUGHT | The high Stochastics value suggests DRVN may be overbought. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for DRVN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.12 | NEUTRAL | The ADX value for DRVN suggests a possible start of a new 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)
18.38
+0.21 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg1.16%
1 Week8.24%
2 Weeks6.3%
1 Month9.86%
3 Month3.14%
6 Month4.85%
12 Month28.17%
2 Year22.13%
3 Year-41.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%3.35%
ATR Inc18.5%
Range Today0.41
ADR(20)0.61
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.97
Mansfield0.2
10 Day High18.77
10 Day Low16.73
20 Day High18.77
20 Day Low16.29
52 Week High18.77
52 Week Low13.35
CS1 End17.53
CR1 Start18.39
Volume & EV
DER(3)1.84%
DER(5)0.88%
Volume863.50K
Volume Incr72.78%
Vol(5)1.38M
Vol(50)759.61K