Technical analysis from Drax (DRX.L.L, LON:DRX.L) on the London Stock Exchange (LSE). Download the latest price data & trading signals

Drax
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Ulcer index has reduced in stress level & low drawdown is expected for DRX
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for DRX

[BEARISH]: Drax UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.893.

Fibonacci Extensions /
Long positions for Drax should be set between $642.86 & $595.36

Drax has moved below the 161.8% level ($642.86) [Bullish]. Look for a long limit order entry near this point. Exit price for DRX should be set @$595.36 & Stoploss for Drax should be set at $690.36

Hook Reversal /
A short term Hook Reversal has formed with Drax

[BULLISH]: A short term Hook Reversal has formed with Drax which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 2.3%.

Medium Trend /
Drax : 2nd timeframe trend Uptrend remains intact

[BULLISH]: Drax has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 28 2017.

Exponential Moving Average /
Drax is in a short term uptrend with the support price @$281.937

[BULLISH]: Drax currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.6%.

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Close Tod Vs Range Tod /
The daily battle of control for Drax was won by the buyers

DRX: Close versus price range Recent Trading ->(1) 11 Jan: 81.6% (2) 10 Jan: 23.8% (3) 09 Jan: 18.6%

Drax  was easily moved downward on low volume in recent trading [Bearish]
Ease of Movement /
Drax was easily moved downward on low volume in recent trading [Bearish]

DRX: EOM Recent Trading -> (1) 11 Jan: -267.482 (2) 10 Jan: -9403.7 (3) 09 Jan: 6436.16

Stoploss for Drax  should be set between $274.6 & $271.6
Pivot Points /
Stoploss for Drax should be set between $274.6 & $271.6

Drax has broken the first resistance point ($286.8) [Bullish]. Look for a long limit order entry near this point. Exit price for DRX should be set @$289.8 & Stoploss for Drax should be set between $274.6 & $271.6

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Drax indicating upward price movement is likely

[BULLISH]: Drax currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.6%.

Relative Strength Index /
Relative Strength overbought signal has just been neutralized for Drax

[BEARISH]: Drax is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @78.4773

Low Price /
Drax : Daily low price is $277.6 [Lower Low]

[BEARISH]: Drax current uptrend in the first timeframe. Currently, the Low is $277.6 (0.1 %).

Drax  is in a short term uptrend with the closing price @$283.8
Simple Moving Average /
Drax is in a short term uptrend with the closing price @$283.8

[BEARISH]: Drax currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.6%.

Drax : Average True Range (8.547) has confirmed an downtrend is present
Average True Range /
Drax : Average True Range (8.547) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Drax has a TR of 7.6, and an ATR(14) of 8.547.

Short White Candle /
DRX Basic Candle: Short White

[BULLISH WEAK]: Drax has formed a Short White candlestick. This means, DRX has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Opening Price /
Drax : Opening price is $278.2 (-2.3 %)

[BEARISH]: Drax opening price has gapped down. Currently, the OPEN is $278.2 (-2.3 %).

[Long]: Entry price for DRX should be set @$287.6
Woodie Pivot Point /
[Long]: Entry price for DRX should be set @$287.6

Drax has broken the first Woodie resistance point ($287.6) [Bullish]. Look for a long limit order entry near this point. Exit price for DRX should be set @$290.2 & Stoploss for Drax should be set at $275

DRX: Volume Moving Average Convergence Divergence [Bearish]
MACD Volume /
DRX: Volume Moving Average Convergence Divergence [Bearish]

[BEARISH]: Drax currently has negative Volume MACD of -36272. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Daily trading performance for DRX has initiated a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for DRX has initiated a short term uptrend

[BULLISH]: Drax buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for DRX adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.1 & the greatest daily positive change this year has been 2.1. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 5.1%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 2.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 1.2%

Momentum /
Drax : Momentum(5)

[BULLISH]: Drax currently has positive momentum of 4.4. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.6%. The largest upward momentum rally for the last 3 months is 0 days producing a return of 2.1%%.

Elder Ray Index /
Drax : Elder Ray Index is 7.154 [Bullish]

[BULLISH]: Drax Elder Ray Index is signalling a Bullish movementERI is 7.154 indicating bull power. Prices are being driven above the consensus of value for DRX during the last trading session [Buying Pressure]

Volume /
Drax : Daily volume is 568262 (-7.8)

[BEARISH]: Drax current volume downtrend in the first timeframe. Volume for DRX is568262 (-7.8).

Rate of Change /
14-day rate of change is increasing for Drax

[BULLISH]: Drax currently has positive rate of change of 2.7%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Drax : Daily high price is $285.2 [Lower High]
High Price /
Drax : Daily high price is $285.2 [Lower High]

[BEARISH]: Drax current downtrend in the first timeframe. Currently, the HIGH is -0.2 %.

Traders are currently accumulating Drax
On Balance Volume /
Traders are currently accumulating Drax

DRX: OBV Current Signal ->(1) 11 Jan: BULLISH (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

Aroon Oscillator /
Recent trading indicates Aroon upward trend direction likely for DRX [Uptrend]

[BULLISH]: Drax has a current ARO(25) of 44. This has change 0 points from yesterday.

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