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

Drax
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Drax : Ex-Dividend Date
Ex-Dividend /
Drax : Ex-Dividend Date

The last ex-dividend date recorded for DRX occurred on the Sep 21 2017. This event was 25 days from the current trading day.

Drax : Price Earnings Ratio ()
VALUE /
Drax : Price Earnings Ratio ()

Drax Key financial metrics: (1) EPS: $-6.00 (2) P/E Ratio:

Daily Volume Index /
DVI: Distribution still active for Drax

DRX: DVI Current Signal -> (1) 16 Oct: BEARISH (2) 13 Oct: BEARISH (3) 16 Oct: BEARISH

Moving Average Envelope /
Initiation of oversold signal for Drax [Bullish Crossover]

[BULLISH]: Drax current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 290.4910.

Accumulation / Distribution /
DRX: Current trading activity signals distribution is active

[BEARISH]: Drax current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Pivot Points /
Drax has broken the first support point ($288.534) [Bearish]

Drax has broken the first support point ($288.534) [Bearish]. Look for a short limit order entry near this point. Exit price for DRX should be set @$287.167 & short position stoploss for Drax should be set between $293.767 & $295.134

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Williams %R /
Drax : William %R -97 is below the oversold limit (-97)

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

Sellers continue to be keener than buyers for Drax  & are driving the price down.
Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Drax & are driving the price down.

[BEARISH]: Drax sellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for DRX adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.9 & the greatest daily negative change this year has been -5.3. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -5.3%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -4%. The loss 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 downward movement has been -1.3%

The current price is still losing momentum through a fall for DRX on the short term EMA.
Percentage Price /
The current price is still losing momentum through a fall for DRX on the short term EMA.

[BEARISH]: Drax currently has negative PPO -1.800%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-96) for Drax

[BEARISH]: Drax has a current ARO(25) of -96. This has change -4 points from yesterday.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Drax [Bearish]

[BEARISH]: Drax currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.9%.

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Drax indicating downward price movement is likely

[BEARISH]: Drax currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.9%.

Drax : Sellers are now becoming less eager.
Range Tod Vs Range Yest /
Drax : Sellers are now becoming less eager.

[WEAK BULLISH]: Drax sellers are becoming less eager. This is the first day sellers have decreased eagerness for DRX reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $26.3 & the greatest daily price range this year has been $104.1. The price range ratio this week versus the quarterly price range is 0.1x & the price range ratio this month versus the year to date price range is 0.3x.

Drax : Daily opening price is $292.4
Opening Price /
Drax : Daily opening price is $292.4

[BEARISH]: Drax opening price has gapped down. Currently, the OPEN is $292.4 (-1 %).

Elder Ray Index /
Drax : Elder Ray Index is -10.091 [Bearish]

[BEARISH]: Drax Elder Ray Index is signalling a Bearish movementERI is -10.091 indicating bear power. Prices are being driven below the consensus of value for DRX during the last trading session [Selling Pressure]

On Balance Volume /
Drax : On Balance Volume (-4.72346e+006)

DRX: OBV Current Signal ->(1) 16 Oct: BEARISH (2) 13 Oct: BEARISH CROSSOVER (3) 16 Oct: BULLISH

Fibonacci Extensions /
Stoploss for Drax should be set at $515.84

Drax has moved below the 161.8% level ($635.84) [Bullish]. Look for a long limit order entry near this point. Exit price for DRX should be set @$755.84 & Stoploss for Drax should be set at $515.84

Drax : Closing price $289.9 is below the EMA(5) @$294.382
Exponential Moving Average /
Drax : Closing price $289.9 is below the EMA(5) @$294.382

[BEARISH]: Drax currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.9%.

Recent trading indicates ATR downward trend direction likely for DRX [Downtrend]
Average True Range /
Recent trading indicates ATR downward trend direction likely for DRX [Downtrend]

DRX: Average True Range Recent Trading -> (1) 16 Oct: 6.84 (2) 13 Oct: 7.105 (3) 16 Oct: 21.995

CMF has negative divergence between price and volume
Chaikin Money Flow /
CMF has negative divergence between price and volume

[BEARISH]: Drax current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.15. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.27

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

[BEARISH]: Drax is in an downtrend in the medium term timeframe. The current rally number is 16 & the highest rally count for the LTM is 16. The highest rally for the month is 11

Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for Drax

[BEARISH STRONG]: Drax opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 24.2%. This suggests the sellers were in control all day. Over the last 12 months there has been 45 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 17.1%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 36.4%.

Ulcer Index /
Ulcer index has fallen as the price rises for Drax

[BEARISH]: Drax UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.899.

Black Candle /
DRX Basic Candle: Black

[BEARISH]: Drax has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Volume MACD for Drax  is now gaining momentum @5383)
MACD Volume /
Volume MACD for Drax is now gaining momentum @5383)

DRX: Volume MACD Recent Trading -> (1) 16 Oct: 5383 (2) 13 Oct: -11400 (3) 16 Oct: -1406

Negative VROC: Price is lower for Drax  than 14 days ago
Volume Rate of Change /
Negative VROC: Price is lower for Drax than 14 days ago

[BEARISH]: Drax currently has negative rate of change of -40%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.9%.

Demarks Pivot Points /
[Short]: Limit orders for Drax should be set at $290.125

Drax current pivot point (DeMark) is: (R1) $291.15. The current pivot point (DeMark) is: (S1) $287.85.

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