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Drax Group plc

DRXGY•PNK
Utilities
Renewable Utilities
$23.03
$0.00(0.00%)
U.S. Market opens in 10h 3m

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

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

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

DRXGY Technical Analysis Summary

Drax Group plc stock currently shows a bearish trend, weighed down by selling pressure and weak momentum.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 37.36)
Trend Strength:Strong (ADX: 34.08)
Volatility:Low (ATR: 0.27)
Support/Resistance:$22.30 – $25.56 (Bollinger Bands)

Overall, Drax Group plc remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 37.36

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 18.34

Bullish
Oversold zone signals rebound potential.

Williams %R: -76.19

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -3.84

Bearish
Selling pressure outweighs buying.

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

Trend & Volatility

MACD: -0.23

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 34.08

Strong
Strong trend, momentum well established.

ATR (14): 0.27

Low
Low volatility, stable price action.

CCI (14): -97.63

Bearish
Bearish, momentum remains under pressure.

Takeaway:Drax Group plc shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$25.56
Middle Band (SMA 20)
$23.93
Lower Band
$22.30
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$24.26
Middle Line (EMA 20)
$23.72
Lower Channel
$23.17
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 Volume1.71K
Money Flow Index10.20Bullish, oversold conditions signal rebound potential.
Relative Vigor Index13.40Bearish, price momentum favors sellers.

Overall Takeaway:DRXGY shows oversold money flow, with rebound potential building.

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

Bullish Signals

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:Drax Group plc shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

Technical Analysis FAQ