Stronger Sell Today DRX.L ranks #4934 as SELL CANDIDATE. Weaker Sell
Today DRX.L ranks #4934 as SELL CANDIDATE.

DRX.L stock Drax Group

DRX.L stock
Drax Group

April 18, 2019
Change -4.62%
Chart period: 2019-01-21 - 2019-04-18





Will DRX.L stock price go up or down on Tue, 23 Apr 2019?

Drax Group Forecast and Stock Analysis

Technical DRX.L stock analysis for April 18, 2019.

Sell candidate since 2019-04-09 Loss -6.31%

Drax Group fell by -4.62% in the last day from £367.60 to £350.60 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -9.17% for this period. Volume has increased in the last day by 0.57 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.20 million shares bought and sold for approximately £421.16 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the DRX.L stock was £350.60. This is 4.62% less than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 4.31% from a day low at £348.00 to a day high of £363.00.

30 day high of the DRX.L stock price was £390.20 and low was £348.00.
90 day high was £414.40 and low was £348.00.
52 week high for the Drax Group - £432.40 and low - £292.60.


Drax Group lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £343.79 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.53% during the next 3 months and, with 90% probability hold a price between £314.47 and £350.41 at the end of this period.

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There are few to none technical positive signals at the moment. Drax Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £366.14 and £375.94. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday April 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 26 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: £350.60 Resistance: £370.00


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £15.00 (4.31%) between high and low. For the last week, the stock has had a daily average volatility of 2.03%.

Drax Group is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Sell Candidate

Drax Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.

Stronger Sell Today DRX.L ranks #4934 as SELL CANDIDATE. Weaker Sell
Today DRX.L ranks #4934 as SELL CANDIDATE.