ADF GROUP INC (DRX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:DRX - CA00089N1033 - Common Stock
Taking everything into account, DRX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DRX is only an average performer.
DRX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.18, 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.
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7.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.09 to 9.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.53 from a trend line in the daily time frame.
- Support @7.31 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.39 from a trend line in the daily time frame.
- A resistance zone ranging from 10.04 to 10.31. 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 DRX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRX.CA is up. |
| ChartMill Relative Strength | 50.29 | NEUTRAL | DRX.CA is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of DRX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.47 | NEUTRAL | The RSI value for DRX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DRX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.57 | NEUTRAL | The Stochastics value for DRX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for DRX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 44.13 | POSITIVE | The high ADX value value for DRX.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 9.40 | 9.08 | 0.32 (3.40%) | 25.00% |
| An entry @9.40. This is a Buy Stop order right above the resistance zone. | An exit @9.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 3.40%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DRX. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:DRX (1/9/2026, 7:00:00 PM)
9.19
+0.08 (+0.88%)
ADF GROUP INC / DRX.CA FAQ
What is the technical rating for DRX stock?
ChartMill assigns a technical rating of 8 / 10 to DRX.CA.
What is the current trend direction of ADF GROUP INC (DRX.CA) stock?
The current trend direction for ADF GROUP INC (DRX.CA) is Bullish.
What is the RSI signal for DRX stock?
ADF GROUP INC (DRX.CA) has an RSI value of 65.466. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ADF GROUP INC?
The MACD indicator for ADF GROUP INC (DRX.CA) has a value of 0.0062234, indicating a bearish trend.
Can you provide the support and resistance levels for ADF GROUP INC?
ADF GROUP INC (DRX.CA) has a support level at 9.18 and a resistance level at 9.39. Check the full technical report for our detailed analysis of DRX.CA support and resistance levels.