ADF GROUP INC (DRX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:DRX - CA00089N1033 - Common Stock
We assign a technical rating of 2 out of 10 to DRX. Recently some decent action could be observed, but in the medium term time frame this is still negative. DRX was also a bad performer in the overall market in the last year.
Although the technical rating is bad, DRX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.31, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DRX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.21 to 7.31. 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 6.99 to 7.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.64 to 7.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.61 from a trend line in the weekly time frame.
- Resistance @10.19 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for DRX.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRX.CA is up. |
| ChartMill Relative Strength | 9.74 | NEGATIVE | DRX.CA has a low relative strength, it was outperformed by 90.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DRX.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.16 | NEUTRAL | The RSI value for DRX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests DRX.CA has a positive trend. |
| Stochastics (14,3) | 82.89 | OVERBOUGHT | The high Stochastics value suggests DRX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for DRX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for DRX.CA suggests a weak or negative trend. |
TSX:DRX (12/2/2025, 7:00:00 PM)
7.53
-0.11 (-1.44%)
ADF GROUP INC / DRX.CA FAQ
What is the technical rating for DRX stock?
ChartMill assigns a technical rating of 2 / 10 to DRX.CA.
Can you provide the trend direction for ADF GROUP INC?
The current trend direction for ADF GROUP INC (DRX.CA) is Bearish.
What is the RSI signal for ADF GROUP INC (DRX.CA) stock?
ADF GROUP INC (DRX.CA) has an RSI value of 57.1638. This indicates that the stock is currently neutral.
What is the buy/sell signal for DRX stock?
The buy/sell signal for ADF GROUP INC (DRX.CA) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for ADF GROUP INC (DRX.CA) stock?
ADF GROUP INC (DRX.CA) has a support level at 7.31 and a resistance level at 7.64. Check the full technical report for our detailed analysis of DRX.CA support and resistance levels.