DRAX GROUP PLC (DRX.L) Stock Technical Analysis
Europe - London Exchange - LON:DRX - GB00B1VNSX38 - Common Stock
Taking everything into account, DRX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although DRX has an excellent technical rating, it does not present a decent entry opportunity 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
617.71
We found 4 important support areas.
- A support zone ranging from 798.77 to 804.55. 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 738.40 to 757.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 708.50 to 713.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @623.95 from a trend 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 | UP | POSITIVE | The long term trend for DRX.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRX.L is up. |
| ChartMill Relative Strength | 84.72 | POSITIVE | DRX.L has a high relative strength, it outperformed 84.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRX.L is above 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) | 72.98 | OVERBOUGHT | The high RSI value suggests DRX.L may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.41 | POSITIVE | The MACD value suggests DRX.L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.85 | OVERBOUGHT | The high Stochastics value suggests DRX.L may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for DRX.L suggests some volalility. |
| Average Directional Index/ADX (14) | 34.06 | POSITIVE | The high ADX value value for DRX.L suggests a strong trend. |
LON:DRX (12/23/2025, 5:36:15 PM)
835
+9 (+1.09%)
DRAX GROUP PLC / DRX.L FAQ
What is the technical rating for DRX stock?
ChartMill assigns a technical rating of 10 / 10 to DRX.L.
Can you provide the trend direction for DRAX GROUP PLC?
The current trend direction for DRAX GROUP PLC (DRX.L) is Bullish.
What is the RSI signal for DRAX GROUP PLC (DRX.L) stock?
DRAX GROUP PLC (DRX.L) has an RSI value of 72.9763. This indicates that the stock is currently overbought.
What is the buy/sell signal for DRX stock?
The buy/sell signal for DRAX GROUP PLC (DRX.L) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DRAX GROUP PLC (DRX.L) stock?
DRAX GROUP PLC (DRX.L) has a support level at 804.55. Check the full technical report for our detailed analysis of DRX.L support and resistance levels.