(DRD) Drdgold complete technical analysis [charts+indicators] | Buy/Sell Drdgold | (DRD) share price targets
Complete technical analysis of Drdgold (DRD) by charts plus indicators, forecast predictions and share price targets for Drdgold (DRD)
Drdgold trades in USA in Basic Industries sector.
10 day averaged volume of Drdgold is 243537
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 8.73 | 8.69 | 8.80 | 8.67 | 0.884 times |
| 15 Wed May 2024 | 8.75 | 8.82 | 8.88 | 8.56 | 1.158 times |
| 14 Tue May 2024 | 8.63 | 8.64 | 8.70 | 8.56 | 0.498 times |
| 13 Mon May 2024 | 8.54 | 8.62 | 8.71 | 8.47 | 1.008 times |
| 10 Fri May 2024 | 8.62 | 8.72 | 8.95 | 8.60 | 1.69 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 8.6, but if it comes below 8.6, then a intra day sell could be more profitable.
If you take a sell trade below 8.6, then use 8.6 as stoploss and 8.22 as target. However if you take a buy trade in stock , then use 8.6 as stoploss and 9 as target.
Share price targets for Drdgold (DRD)
| Target Type | Value |
| Downside Target | 6.48 |
| Downside Target | 6.89 |
| Downside Target | 7.17 |
| Downside Target | 7.72 |
| Downside Target | 8.12 |
| Downside Target | 8.47 |
| Downside Target | 8.55 |
| Downside Target | 8.56 |
| Downside Target | 8.67 |
| Upside Target | 8.88 |
| Upside Target | 8.95 |
| Upside Target | 9.24 |
Intraday share price targets for Drdgold (DRD)
| Target Type | Value |
| Downside Intraday Target | 8.51 |
| Downside Intraday Target | 8.28 |
| Upside Intraday Target | 8.92 |
| Upside Intraday Target | 9.1 |
| Downside Intraday Target | 8.69 |
Weekly technical analysis of Drdgold (DRD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 8.73 | 8.62 | 8.88 | 8.47 | 0.62 times |
| 10 Fri May 2024 | 8.62 | 8.10 | 8.95 | 7.89 | 1.419 times |
| 03 Fri May 2024 | 7.83 | 8.36 | 8.52 | 7.72 | 0.543 times |
| 26 Fri Apr 2024 | 8.33 | 8.03 | 8.56 | 7.77 | 1.279 times |
| 19 Fri Apr 2024 | 8.55 | 8.57 | 8.67 | 8.12 | 0.638 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Drdgold (DRD)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 8.73 | 7.87 | 8.95 | 7.72 | 0.329 times |
| 30 Tue Apr 2024 | 7.80 | 8.46 | 9.24 | 7.77 | 1.008 times |
| 28 Thu Mar 2024 | 8.20 | 6.98 | 8.55 | 6.89 | 1.544 times |
| 29 Thu Feb 2024 | 6.75 | 7.87 | 8.25 | 6.48 | 0.884 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Drdgold (DRD)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 34, 16, 38 | Buy |
| MACD | 0, 0 | Buy |
| Stochastics | 80 | Buy |
| CCI | 71 | Buy |
| RSI | 56 | Buy |
| OBV | -529445 | Sell |
| VWAP | 8 | Buy |
| ADL | 0 | Sell |
| ROC | 11 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Drdgold ( (DRD) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Drdgold ( (DRD) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Drdgold ( (DRD) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Drdgold ( (DRD) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Drdgold stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Drdgold in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Drdgold Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for Drdgold in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Drdgold is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 8.46 and Drdgold (DRD) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Drdgold (DRD) stock. Volume based technical analysis of Drdgold (DRD) stock is negative.
Drdgold Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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