DRDGOLD LTD-SPONSORED ADR (DRD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DRD - US26152H3012 - ADR
We assign a technical rating of 10 out of 10 to DRD. Both in the recent history as in the last year, DRD has proven to be a steady performer, scoring decent points in every aspect analyzed.
DRD has an excellent technical rating, but the quality of the setup is only medium 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
16.80
We found 2 important support areas.
- A support zone ranging from 28.56 to 29.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.97 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 DRD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRD is up. |
| ChartMill Relative Strength | 98.26 | POSITIVE | DRD has a high relative strength, it outperformed 98.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.79 | NEUTRAL | The RSI value for DRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests DRD has a positive trend. |
| Stochastics (14,3) | 85.27 | OVERBOUGHT | The high Stochastics value suggests DRD may be overbought. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for DRD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.57 | NEUTRAL | The ADX value for DRD suggests a possible start of a new trend. |
31.4
-0.47 (-1.47%)
DRDGOLD LTD-SPONSORED ADR / DRD FAQ
Can you provide the ChartMill technical rating for DRDGOLD LTD-SPONSORED ADR?
ChartMill assigns a technical rating of 10 / 10 to DRD.
Can you provide the trend direction for DRDGOLD LTD-SPONSORED ADR?
The current trend direction for DRDGOLD LTD-SPONSORED ADR (DRD) is Bullish.
Can you provide the RSI signal for DRDGOLD LTD-SPONSORED ADR?
DRDGOLD LTD-SPONSORED ADR (DRD) has an RSI value of 64.787. This indicates that the stock is currently neutral.
What is the MACD signal for DRDGOLD LTD-SPONSORED ADR (DRD) stock?
The MACD indicator for DRDGOLD LTD-SPONSORED ADR (DRD) has a value of 0.231436, indicating a bearish trend.
What is the buy/sell signal for DRD stock?
The buy/sell signal for DRDGOLD LTD-SPONSORED ADR (DRD) is buy as both the short term and long term trends are positive.