Drax Group (DRX)

Sell: 614.00p

Buy: 623.00p

Change: 2.00p | 0.33%

Last updated 16:49 16/05/25. 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:

Strong Bullish
Medium term:

Strong Bullish
Long term:

Neutral

Short term comment

The evolution of prices has generated a quantitative scenario bullish but very close to the support and critical area that today generates the upward guideline in 594.192 levels. The 594.192 - 560.127 range represents an area of ??greater neutrality, so the loss of 594.192 would prevent a bullish rating.

Long term comment

Between july 2024 and january 2025 there was a bullish phase that moved the prices from 378.914 to 673.515. This phase was corrected by a relevant bearish reaction that returned the quotation until 520.222 on the 21th of april levels. Following this, the current rise from 520.222 to 635.000 has not reached the previous highs at 673.515, an area of significant resistance.

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
606.5000	612.0000	614.0000	619.5000	623.0000	628.5000

Alerts

Alerts
Priority	Date	Warning
Medium priority	19/05/2025	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	19/05/2025	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	19/05/2025	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	16/05/2025	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	16/05/2025	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	16/05/2025	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	15/05/2025	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	15/05/2025	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	15/05/2025	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	14/05/2025	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	14/05/2025	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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