Technical Analysis for DRX - Drax Group Plc

Grade Last Price % Change Price Change
D 404.0 2.28% 9.00
DRX closed up 2.28 percent on Friday, May 7, 2021, on 1.3 times normal volume. It ran into resistance at its 50 day moving average.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Flat
Historical DRX trend table...

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Bollinger Band Squeeze Range Contraction 2.28%
NR7 Range Contraction 2.28%
Lower Bollinger Band Walk Weakness 2.28%
BB Squeeze + Lower Band Touch Range Contraction 2.28%
Inside Day Range Contraction 2.28%
Down 3 Days in a Row Weakness 2.28%
Lower Bollinger Band Touch Weakness 2.28%
Older End-of-Day Signals for DRX ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Lower Bollinger Band Support about 11 hours ago
1.5x Volume Pace about 11 hours ago
Up 1% about 11 hours ago
Down 1% 1 day ago
Lower Bollinger Band Support 1 day ago
View Earlier Intraday Alerts

Get a Trading Sidekick!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

Drax Group Plc Description

Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company's segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market. Its business units include Drax Power, Haven Power, Drax Biomass and Billington Bioenergy. Drax Biomass provides compressed wood pellets. Haven Power supplies electricity to businesses. Billington Bioenergy supplies sustainable compressed wood pellets to provide businesses and households with renewable heat. Drax Power Station is located near Selby, North Yorkshire, connecting into the national electricity distribution grid.


Classification

Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Energy Manufacturing Renewable Energy Electricity Nature Biomass Yorkshire Biofuels The National Electricity Generation Pellet Power Station Electricity Distribution Electricity Supply Supplies Electricity Bioenergy Electricity Production North Yorkshire Billington

Is DRX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 454.0
52 Week Low 193.0
Average Volume 1,393,359
200-Day Moving Average 342.67
50-Day Moving Average 404.70
20-Day Moving Average 408.56
10-Day Moving Average 402.94
Average True Range 13.13
ADX 15.22
+DI 13.90
-DI 20.34
Chandelier Exit (Long, 3 ATRs ) 385.62
Chandelier Exit (Short, 3 ATRs ) 429.38
Upper Bollinger Band 423.26
Lower Bollinger Band 393.86
Percent B (%b) 0.34
BandWidth 7.20
MACD Line -2.48
MACD Signal Line -0.84
MACD Histogram -1.6347
Fundamentals Value
Market Cap 1.6 Billion
Num Shares 397 Million
EPS 0.10
Price-to-Earnings (P/E) Ratio 4040.00
Price-to-Sales 0.29
Price-to-Book 0.76
PEG Ratio 0.91
Dividend 0.16
Dividend Yield 0.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 421.10
Resistance 3 (R3) 419.67 412.53 418.25
Resistance 2 (R2) 412.53 408.18 413.25 417.30
Resistance 1 (R1) 408.27 405.49 410.40 409.70 416.35
Pivot Point 401.13 401.13 402.20 401.85 401.13
Support 1 (S1) 396.87 396.78 399.00 398.30 391.65
Support 2 (S2) 389.73 394.09 390.45 390.70
Support 3 (S3) 385.47 389.73 389.75
Support 4 (S4) 386.90