DOORDASH INC - A (DASH) Stock Technical Analysis
NASDAQ:DASH - US25809K1051 - Common Stock
245.25 USD
-2.08 (-0.84%)
245.5 USD
+0.25 (+0.1%)
Overall DASH gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month DASH has a been trading in the 233.11 - 278.15 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that DASH is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by DASH over the past year are nicely spread over this period.
DASH is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 90% of 134 stocks in the same industry.
DASH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DASH is lagging the market slightly.
DASH has an average volume of 3688340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
DASH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 245.24, a Stop Loss order could be placed below this zone.
More info and screens
153.01
249.50
We found 4 important support areas.
- A support zone ranging from 243.67 to 245.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @197.24 from a trend line in the weekly time frame.
- Support @165.39 from a horizontal line in the daily time frame.
- Support @154.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 246.43 to 247.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DASH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DASH is neutral. |
| ChartMill Relative Strength | 92.68 | POSITIVE | DASH has a high relative strength, it outperformed 92.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DASH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DASH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DASH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.8 | NEUTRAL | The RSI value for DASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.4 | NEGATIVE | The MACD value suggests DASH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.29 | NEUTRAL | The Stochastics value for DASH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for DASH suggests some volalility. |
| Average Directional Index/ADX (14) | 16.63 | NEGATIVE | The low ADX value for DASH suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 247.04 | 243.66 | 3.38 (1.37%) | 25.00% |
| An entry @247.04. This is a Buy Stop order right above the resistance zone. | An exit @243.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.38 points, which is 1.37%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DASH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
245.25
-2.08 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.84%
1 Week-0.84%
2 Weeks-1.11%
1 Month-1.25%
3 Month17.54%
6 Month23.59%
12 Month90.54%
2 Year191.51%
3 Year309.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.82
ATR(20)%3.35%
ATR Inc-35.68%
Range Today5.85
ADR(20)7.81
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.68
Mansfield1.76
10 Day High254.16
10 Day Low233.11
20 Day High278.15
20 Day Low233.11
52 Week High278.15
52 Week Low122.32
CS1 End245.24
CR1 Start246.43
Volume & EV
DER(3)0.71%
DER(5)-0.17%
Volume1.97M
Volume Incr-38.37%
Vol(5)2.39M
Vol(50)3.69M