Stronger Sell Today DRX.L ranks #4282 as SELL CANDIDATE #4282 Weaker Sell

DRX.L stock forecast Drax Group

DRX.L stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

DRX.L Forecast and Technical Stock Analysis

PDF
Sell candidate since 2019-08-05 Loss -9.15%

Drax Group gained 0.37% in the last trading day ( Friday, 16th Aug 2019 ), rising from £2.67 to £2.68 During the day the stock fluctuated 3.05% from a day low at £2.62 to a day high of £2.70. The price has fallen in 8 of the last 10 days and is down by -12.13% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 161 128 more shares were traded than the day before. In total, 856 916 shares bought and sold for approximately £2.30 million.

Quick summary:

  • 30 day high of the DRX.L stock price was £3.13 and low was £2.62.
  • 90 day high was £3.26 and low was £2.60.
  • 52 week high for Drax Group - £412.60 and low - £2.60.
Top Trending Stocks

Trend

Drax Group lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.91% during the next 3 months and, with 90% probability hold a price between £2.26 and £2.78 at the end of this period.

Top Golden Star Stocks

Signals

There are mixed signals in the stock today. 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 £2.73 and £2.83. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 80 ]

RSI14 is 12 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Drax Group finds support from accumulated volume at £2.67.

Support: £2.67 Price: £2.68 Resistance: £2.69

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.08 between high and low, or 3.05%. For the last week, the stock has had a daily average volatility of 3.00%.

Drax Group is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.

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

3.00 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Drax Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today DRX.L ranks #4282 as SELL CANDIDATE #4282 Weaker Sell

Will DRX.L stock price go up or down on Mon, 19 Aug 2019?

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!
Trading With Moving Average
As an investor, you always seek to understand what other... Full Article
Pivot Points
Pivot Points refer to points of significant change. As a... Full Article
Accumulated Volume - Support and Resistance
Volume is perhaps the best indicator of all and should... Full Article
Volume - The Indicator You Really Need to Know
Many new traders getting into the world of technical analysis... Full Article
We Give Back!
In 2016 StockInvest.us donated to NGO Goodwill projects to help purchase medical... Full Article
Better Buy: Amazon vs. Facebook
Amazon's stock slipped 21% over the past six months, as... Full Article

Proudly made at

ROCKIT