Drax Group (DRX)

Sell: 491.00p

Buy: 520.00p

Change: 1.80p | 0.37%

Last updated 16:49 01/07/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

Short term:

Bearish
Medium term:

Strong Bullish
Long term:

Strong Bearish

Short term comment

The rating of the price bearish very pressured by the 509.948 area and increasing the risk of overbought and setbacks I would have to overcome 509.948 to propose the change to a more neutral scenario

Long term comment

Between june and december 2023 a bearish phase took place and moved the price from 682.575 to 383.883. This phase was corrected by a significative upward reaction that returned the price to 572.000 levels on the 29th of may. After this, the current fall from 572.000 to 483.400 has not reached the previous lows in 383.883, an area of important support.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3	Support 2	Support 1	Resistance 1	Resistance 2	Resistance 3
460.0000	476.6000	484.4000	501.0000	509.8000	526.4000

Alerts

Alerts
Priority	Date	Warning
Medium priority	01/07/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	01/07/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	28/06/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	28/06/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	28/06/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
High priority	28/06/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	27/06/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	27/06/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	27/06/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	27/06/2024	Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority	26/06/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.

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