DRYDEN GOLD CORP (DRY.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:DRY - CA26245V1013 - Common Stock
Overall DRY gets a technical rating of 8 out of 10. In the last year, DRY was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that DRY is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by DRY over the past year are nicely spread over this period.
- DRY 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 DRY is lagging the market slightly.
- In the last month DRY has a been trading in the 0.29 - 0.36 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.
- Volume is considerably higher in the last couple of days.
DRY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.29, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
0.29
When analyzing the support we notice one important area.
- Support @0.29 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines 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 DRY.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRY.CA is neutral. |
| ChartMill Relative Strength | 80.43 | POSITIVE | DRY.CA has a high relative strength, it outperformed 80.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRY.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRY.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.22 | NEUTRAL | The RSI value for DRY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DRY.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.64 | NEUTRAL | The Stochastics value for DRY.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for DRY.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 26.27 | POSITIVE | The high ADX value value for DRY.CA 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 |
|---|---|---|---|
| 0.33 | 0.29 | 0.04 (13.11%) | 7.63% |
| An entry @0.33. This is a Buy Stop order right above the 10 day moving average. | An exit @0.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 13.11%. | For a 1.00% total portfolio risk, you can invest 7.63% of your capital in this trade. |
- 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-V:DRY (1/15/2026, 7:00:00 PM)
0.315
-0.01 (-1.56%)
DRYDEN GOLD CORP / DRY.CA FAQ
What is the technical rating for DRY stock?
ChartMill assigns a technical rating of 8 / 10 to DRY.CA.
What is the trend direction for DRY stock?
The current trend direction for DRYDEN GOLD CORP (DRY.CA) is Bullish.
Can you provide the RSI signal for DRYDEN GOLD CORP?
DRYDEN GOLD CORP (DRY.CA) has an RSI value of 49.2159. This indicates that the stock is currently neutral.
What is the support and resistance level for DRY stock?
DRYDEN GOLD CORP (DRY.CA) has a support level at 0.29 and a resistance level at 0.34. Check the full technical report for our detailed analysis of DRY.CA support and resistance levels.