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Drax Group plc

DRXGF•PNK
Utilities
Renewable Utilities
$10.99
$-0.76(-6.47%)
U.S. Market opens in 10h 51m

Drax Group plc (DRXGF) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Drax Group plc (PNK:DRXGF).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

DRXGF Technical Analysis Summary

Drax Group plc stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 36.36)
Trend Strength:Moderate (ADX: 27.90)
Volatility:Low (ATR: 0.14)
Support/Resistance:$10.71 – $12.00 (Bollinger Bands)

Technical conditions suggest Drax Group plc is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 36.36

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 66.67

Bullish
Buying momentum building without extremes.

Williams %R: -100.00

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -0.99

Neutral
Price change is minimal.

Takeaway:Drax Group plc shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 0.11

Bullish
Bullish, trend momentum is strengthening.

ADX: 27.90

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.14

Low
Low volatility, stable price action.

CCI (14): -96.45

Bearish
Bearish, momentum remains under pressure.

Takeaway:Drax Group plc shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$12.00
Middle Band (SMA 20)
$11.35
Lower Band
$10.71
Current Position
Within Bands

Takeaway:Drax Group plc trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$11.70
Middle Line (EMA 20)
$11.41
Lower Channel
$11.13
Squeeze Status
No Squeeze

Takeaway:Drax Group plc trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-1.97K
Money Flow Index56.12Neutral, balanced money flows with no clear signal.
Relative Vigor Index4.01Bearish, price momentum favors sellers.

Overall Takeaway:DRXGF shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Drax Group plc, here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Drax Group plc are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ