DRAX GROUP PLC (DRX.L) Stock Technical Analysis
LON:DRX - London Exchange - GB00B1VNSX38 - Common Stock - Currency: GBX
Overall DRX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DRX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that DRX is one of the better performing stocks in the market, outperforming 83% of all stocks.
DRX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DRX is performing more or less in line with the market.
In the last month DRX has a been trading in the 628.50 - 677.75 range, which is quite wide. It is currently trading near the high of this range.
DRX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 659.99, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
561.40
682.77
We found 3 important support areas.
- A support zone ranging from 654.98 to 659.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 613.00 to 618.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @567.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 661.85 to 676.01. This zone is formed by a combination of multiple trend lines and important moving averages 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.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRX.L is up. |
| ChartMill Relative Strength | 83.56 | POSITIVE | DRX.L has a high relative strength, it outperformed 83.56% 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) | 59.87 | NEUTRAL | The RSI value for DRX.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.42 | NEGATIVE | The MACD value suggests DRX.L has a negative trend. |
| Stochastics (14,3) | 68.32 | NEUTRAL | The Stochastics value for DRX.L is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for DRX.L suggests low volalility. |
| Average Directional Index/ADX (14) | 34.78 | POSITIVE | The high ADX value value for DRX.L suggests a strong 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 |
|---|---|---|---|
| 676.02 | 654.97 | 21.05 (3.11%) | 25.00% |
| An entry @676.02. This is a Buy Stop order right above the resistance zone. | An exit @654.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 21.05 points, which is 3.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- 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 (6/18/2025, 5:29:52 PM)
660
-5 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.75%
1 Week-0.53%
2 Weeks-0.68%
1 Month4.35%
3 Month12.24%
6 Month4.8%
12 Month28.66%
2 Year13.79%
3 Year2.64%
5 Year157.41%
10 Year89.55%
15 Year75.39%
Volatility
ATR(14)12.73
ATR(20)%1.79%
ATR Inc32.88%
Range Today18.5
ADR(20)11.48
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.56
Mansfield0.17
10 Day High677.75
10 Day Low653.5
20 Day High677.75
20 Day Low628.5
52 Week High692
52 Week Low485.4
CS1 End659.99
CR1 Start661.85
Volume & EV
DER(3)-4.88%
DER(5)-2.41%
Volume573.72K
Volume Incr47.58%
Vol(5)640.64K
Vol(50)558.35K