ADF GROUP INC (DRX.CA) Stock Technical Analysis
TSX:DRX - Toronto Stock Exchange - CA00089N1033 - Common Stock - Currency: CAD
Taking everything into account, DRX scores 6 out of 10 in our technical rating. In the last year, DRX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, DRX is a bad performer in the overall market: 86% of all stocks are doing better.
DRX is one of the lesser performing stocks in the Metals & Mining industry. 71% of 808 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
DRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRX is lagging the market.
In the last month DRX has a been trading in the 6.63 - 9.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, DRX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 8.11, a Stop Loss order could be placed below this zone.
More info and screens
7.25
8.93
We found 3 important support areas.
- A support zone ranging from 7.99 to 8.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.69 from a horizontal line in the daily time frame.
- A support zone ranging from 7.32 to 7.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @8.23 from a horizontal line in the weekly time frame.
- Resistance @8.60 from a trend line in the daily time frame.
- A resistance zone ranging from 8.82 to 8.84. 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 | NEUTRAL | NEUTRAL | The long term trend for DRX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRX.CA is up. |
| ChartMill Relative Strength | 14.03 | NEGATIVE | DRX.CA has a low relative strength, it was outperformed by 85.97% 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) | UP | POSITIVE | The current price of DRX.CA is above the rising 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) | 59.24 | NEUTRAL | The RSI value for DRX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DRX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.72 | NEUTRAL | The Stochastics value for DRX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.99 | MEDIUM VOLATILITY | The ATR as a percentage value for DRX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.88 | NEUTRAL | The ADX value for DRX.CA 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)
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 |
|---|---|---|---|
| 8.24 | 7.98 | 0.26 (3.16%) | 25.00% |
| An entry @8.24. This is a Buy Stop order right above the resistance zone. | An exit @7.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.26 points, which is 3.16%. | For a 0.79% 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 (7/4/2025, 7:00:00 PM)
8.22
+0.04 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.49%
1 Week2.11%
2 Weeks1.61%
1 Month23.42%
3 Month18.27%
6 Month-15.26%
12 Month-43.31%
2 Year85.55%
3 Year474.83%
5 Year647.27%
10 Year280.56%
15 Year341.94%
Volatility
ATR(14)0.3
ATR(20)%4.99%
ATR Inc-0.9%
Range Today0.24
ADR(20)0.4
ADR(20)%4.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.03
Mansfield-1.92
10 Day High8.35
10 Day Low7.64
20 Day High9.28
20 Day Low6.63
52 Week High15.37
52 Week Low5
CS1 End8.11
CR1 Start8.23
Volume & EV
DER(3)-3.12%
DER(5)-2.24%
Volume8.62K
Volume Incr-47.33%
Vol(5)30.71K
Vol(50)53.69K