Should You Buy DRDGOLD Ltd (DRD) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BUY for a beginner long-term investor: DRD is in a strong uptrend (SMA_5 > SMA_20 > SMA_200) with bullish momentum (MACD histogram positive and expanding). Options positioning is notably bullish (low put-call ratios), and there are no recent negative news catalysts. The main near-term drawback is that the stock looks stretched (RSI_6 ~79) and just dipped post-market (-2.11%), so you may see a short-term pullback—but given you’re impatient and prefer long-term, this is still a reasonable buy now.
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Technical Analysis
Trend/Momentum: Bullish. Moving averages are stacked positively (SMA_5 > SMA_20 > SMA_200), indicating a strong uptrend. MACD histogram is +0.33 and expanding, supporting continued upside momentum.
Overbought/Timing: RSI_6 is ~79, which is typically consistent with an overbought/extended move (higher chance of a short-term pullback even if the bigger trend remains up).
Key levels (using provided pivots): Pivot 36.82. Resistance R1 38.868 (price is around this zone) and R2 40.132 (next upside target if it breaks/holds above R1). Support S1 34.772 (first meaningful downside reference) then S2 33.508.
Short-horizon pattern odds (from similar candlesticks): ~+0.92% next day, +2.72% next week, +7.7% next month—tilts modestly positive.