DRAX GROUP PLC (DRX.L) Stock Technical Analysis
LON:DRX • GB00B1VNSX38
Overall DRX gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DRX did better than 81% of all other stocks. We also observe that the gains produced by DRX over the past year are nicely spread over this period.
- DRX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DRX is lagging the market slightly.
- In the last month DRX has a been trading in the 842.00 - 937.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although DRX has an excellent technical rating, the quality of the presented setup is not ideal 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
604.74
6 important support areas can be observed.
- A support zone ranging from 874.63 to 879.04. 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 848.51 to 850.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @799.79 from a trend line in the daily time frame.
- Support @785.20 from a trend line in the weekly time frame.
- Support @708.50 from a horizontal line in the daily time frame.
- Support @610.85 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @918.01 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 | UP | POSITIVE | The short term trend for DRX.L is up. |
| ChartMill Relative Strength | 81.58 | POSITIVE | DRX.L has a high relative strength, it outperformed 81.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DRX.L is above a declining 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) | 54.09 | NEUTRAL | The RSI value for DRX.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests DRX.L has a positive trend. |
| Stochastics (14,3) | 63.87 | NEUTRAL | The Stochastics value for DRX.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for DRX.L suggests some volalility. |
| Average Directional Index/ADX (14) | 23.93 | NEUTRAL | The ADX value for DRX.L suggests a possible start of a new trend. |
LON:DRX (2/27/2026, 5:36:15 PM)
887
-12.5 (-1.39%)
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.
What is the current trend direction of DRAX GROUP PLC (DRX.L) stock?
The current trend direction for DRAX GROUP PLC (DRX.L) is Bullish.
What is the RSI signal for DRX stock?
DRAX GROUP PLC (DRX.L) has an RSI value of 54.091. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DRAX GROUP PLC?
The MACD indicator for DRAX GROUP PLC (DRX.L) has a value of 0.581593, indicating a bearish trend.
Can you provide the support and resistance levels for DRAX GROUP PLC?
DRAX GROUP PLC (DRX.L) has a support level at 879.04 and a resistance level at 918.01. Check the full technical report for our detailed analysis of DRX.L support and resistance levels.