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Drax Group PLC (GB:DRX)
LSE:DRX

Drax Group plc (DRX) Technical Analysis

62 Followers

Technical Sentiment

Overall Consensus
Buy
14Bullish
5Neutral
3Bearish
Technical Analysis Consensus
Sell
2Bullish
5Neutral
3Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Drax Group PLC’s (DRX) Moving Averages Convergence Divergence (MACD) indicator is -1.98, suggesting Drax Group PLC is a Sell.
Drax Group PLC’s (DRX) 20-Day exponential moving average is 506.62, while Drax Group PLC’s (DRX) share price is 533p, making it a Buy.
Drax Group PLC’s (DRX) 50-Day exponential moving average is 506.58, while Drax Group PLC’s (DRX) share price is 533p, making it a Buy.

Drax Group plc (DRX) Pivot Points

Jul 04, 2024, 05:22 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
475.00
480.00
490.00
495.00
505.00
510.00
520.00
Fibonacci
480.00
485.73
489.27
495.00
500.73
504.27
510.00
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Drax Group plc (DRX) Moving Averages

Jul 04, 2024, 05:22 PM
Period
Simple
Exponential
MA5
501.74Buy
507.18Buy
MA10
507.27Buy
505.62Buy
MA20
501.94Buy
506.62Buy
MA50
519.07Buy
506.58Buy
MA100
488.39Buy
498.40Buy
MA200
467.08Buy
491.77Buy
Drax Group PLC’s (DRX) 10-Day exponential moving average is 505.62, while Drax Group PLC’s (DRX) share price is 533p, making it a Buy.
Drax Group PLC’s (DRX) 100-Day exponential moving average is 498.40, while Drax Group PLC’s (DRX) share price is 533p, making it a Buy.
Drax Group PLC’s (DRX) stock price is 533p and Drax Group PLC’s (DRX) 50-day simple moving average is 519.07, creating a Buy signal.
Drax Group PLC’s (DRX) stock price is 533p and Drax Group PLC’s (DRX) 100-day simple moving average is 488.39, creating a Buy signal.
Drax Group PLC’s (DRX) stock price is 533p and Drax Group PLC’s (DRX) 200-day simple moving average is 467.08, creating a Buy signal.

Drax Group plc (DRX) Technical Indicators

Jul 04, 2024, 05:22 PM
Name
Value
Implied Action
RSI (14)
57.53
Neutral
STOCH (9,6)
46.35
Neutral
STOCHRSI (14)
48.46
Neutral
MACD (12,26)
-1.98
Sell
ADX (14)
20.56
Neutral
Williams %R
-14.25
Sell
CCI (14)
139.22
Sell
ATR (14)
16.97
-
Ultimate Oscillator
57.64
Neutral
ROC
5.60
Buy
Drax Group PLC’s (DRX) Relative Strength Index (RSI) is 57.53, creating a Neutral signal.
Drax Group PLC’s (DRX) Trend Strength Indicator (ADX) is 20.56, creating a Neutral signal.
Drax Group PLC’s (DRX) Commodity Channel Index (CCI) is 139.22, creating a Sell signal.
Drax Group PLC’s (DRX) Price Rate of Change (ROC) is 5.60, creating a Buy signal.

FAQ

Is DRX a Buy, Hold, or Sell?
Based on DRX’s technical indicators, DRX is a Buy.
    What is DRX’s RSI (14)?
    DRX’s RSI (14) is 57.53, which suggests DRX is a Neutral.
      What is DRX’s MACD?
      DRX’s MACD is -1.98, which suggests DRX is a Sell.
        What is DRX’s 5-day moving average?
        DRX’s 5-day moving average is 501.74, which suggests DRX is a Buy.
          What is DRX’s 20-day moving average?
          DRX 20-day moving average is 501.94, which suggests DRX is a Buy.
            What is DRX’s 50-day moving average?
            DRX’s 50-day moving average is 519.07, which suggests DRX is a Buy.
              What is DRX’s 200-day moving average?
              DRX’s 200-day moving average is 467.08, which suggests DRX is a Buy.
                What is DRX’s Williams % R (14)?
                DRX’s Williams % R (14) is -14.25, which suggests DRX is a Sell.
                  What is DRX’s CCI (14)?
                  DRX’s CCI (14) is 139.22, which suggests DRX is a Sell.
                    What is the share price of Drax Group PLC?
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