DRAX GROUP PLC (DRX.L) Stock Technical Analysis
LON:DRX - London Exchange - GB00B1VNSX38 - Common Stock - Currency: GBX
Overall DRX gets a technical rating of 7 out of 10. 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.
Besides having an excellent technical rating, DRX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 679.49, a Stop Loss order could be placed below this zone.
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571.82
When analyzing the support we can see 2 important areas.
- A support zone ranging from 658.69 to 679.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @577.60 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 686.76 to 688.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @708.51 from a horizontal line 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 | UP | POSITIVE | The long term trend for DRX.L is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRX.L is neutral. |
| ChartMill Relative Strength | 49.1 | NEUTRAL | DRX.L is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DRX.L is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRX.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRX.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.12 | NEUTRAL | The RSI value for DRX.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.78 | NEGATIVE | The MACD value suggests DRX.L has a negative trend. |
| Stochastics (14,3) | 14.05 | OVERSOLD | The low Stochastics value suggests DRX.L may be oversold. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for DRX.L suggests low volalility. |
| Average Directional Index/ADX (14) | 31.59 | POSITIVE | The high ADX value value for DRX.L 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 |
|---|---|---|---|
| 688.82 | 673.49 | 15.33 (2.23%) | 25.00% |
| An entry @688.82. This is a Buy Stop order right above the resistance zone. | An exit @673.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 15.33 points, which is 2.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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.
LON:DRX (7/25/2025, 5:29:23 PM)
679.5
-1 (-0.15%)