Draganfly Stock Technical Analysis

DPRO Stock  USD 0.26  0  1.54%   
As of the 21st of May, Draganfly shows the Standard Deviation of 10.45, coefficient of variation of (5,812), and Mean Deviation of 6.55. Draganfly technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Draganfly, which can be compared to its peers. Please confirm Draganfly risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Draganfly is priced favorably, providing market reflects its regular price of 0.264 per share. As Draganfly appears to be a penny stock we also advise to verify its jensen alpha numbers.

Draganfly Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Draganfly, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Draganfly
  
Draganfly's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Draganfly technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Draganfly technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Draganfly trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Draganfly Technical Analysis

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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Draganfly volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Draganfly Trend Analysis

Use this graph to draw trend lines for Draganfly. You can use it to identify possible trend reversals for Draganfly as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Draganfly price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Draganfly Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Draganfly applied against its price change over selected period. The best fit line has a slop of    , which means Draganfly will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.16, which is the sum of squared deviations for the predicted Draganfly price change compared to its average price change.

About Draganfly Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Draganfly on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Draganfly based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Draganfly price pattern first instead of the macroeconomic environment surrounding Draganfly. By analyzing Draganfly's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Draganfly's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Draganfly specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Payables Turnover12.159.074.03.87
Days Of Inventory On Hand280.656.56115.68100.82

Draganfly May 21, 2024 Technical Indicators

Most technical analysis of Draganfly help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Draganfly from various momentum indicators to cycle indicators. When you analyze Draganfly charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Draganfly offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Draganfly's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Draganfly Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Draganfly Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Draganfly. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Draganfly Stock analysis

When running Draganfly's price analysis, check to measure Draganfly's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Draganfly is operating at the current time. Most of Draganfly's value examination focuses on studying past and present price action to predict the probability of Draganfly's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Draganfly's price. Additionally, you may evaluate how the addition of Draganfly to your portfolios can decrease your overall portfolio volatility.
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Is Draganfly's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Draganfly. If investors know Draganfly will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Draganfly listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.41)
Revenue Per Share
0.155
Quarterly Revenue Growth
(0.30)
Return On Assets
(1.21)
Return On Equity
(4.12)
The market value of Draganfly is measured differently than its book value, which is the value of Draganfly that is recorded on the company's balance sheet. Investors also form their own opinion of Draganfly's value that differs from its market value or its book value, called intrinsic value, which is Draganfly's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Draganfly's market value can be influenced by many factors that don't directly affect Draganfly's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Draganfly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Draganfly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Draganfly's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.