DOORDASH INC - A (DASH) Stock Technical Analysis
NASDAQ:DASH - Nasdaq - US25809K1051 - Common Stock - Currency: USD
Taking everything into account, DASH scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DASH is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, DASH did better than 94% of all other stocks. On top of that, DASH also shows a nice and consistent pattern of rising prices.
DASH is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry. DASH outperforms 93% of them.
DASH is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DASH is leading the market.
In the last month DASH has a been trading in the 197.25 - 223.29 range, which is quite wide. It is currently trading near the high of this range.
DASH has an average volume of 4241650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DASH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 219.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DASH in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
144.36
223.96
We found 6 important support areas.
- A support zone ranging from 212.48 to 219.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 194.59 to 197.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @181.01 from a trend line in the weekly time frame.
- Support @176.91 from a trend line in the daily time frame.
- Support @165.39 from a horizontal line in the daily time frame.
- Support @145.82 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 219.40 to 221.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for DASH is up. |
| ChartMill Relative Strength | 94.91 | POSITIVE | DASH has a high relative strength, it outperformed 94.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DASH is above the rising 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) | 62.45 | NEUTRAL | The RSI value for DASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DASH has a negative trend. |
| Stochastics (14,3) | 87.68 | OVERBOUGHT | The high Stochastics value suggests DASH may be overbought. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for DASH suggests some volalility. |
| Average Directional Index/ADX (14) | 16.68 | 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 |
|---|---|---|---|
| 221.75 | 212.47 | 9.28 (4.18%) | 23.90% |
| An entry @221.75. This is a Buy Stop order right above the resistance zone. | An exit @212.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.28 points, which is 4.18%. | For a 1.00% total portfolio risk, you can invest 23.90% of your capital in this trade. |
- 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.
219.39
-2.34 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.06%
1 Week2.06%
2 Weeks2.66%
1 Month8.51%
3 Month15.09%
6 Month28.3%
12 Month92.65%
2 Year187.09%
3 Year241.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.75
ATR(20)%2.84%
ATR Inc-31.72%
Range Today3.94
ADR(20)6.1
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.91
Mansfield2.7
10 Day High223.29
10 Day Low210.93
20 Day High223.29
20 Day Low197.25
52 Week High223.29
52 Week Low99.32
CS1 End219.38
CR1 Start219.4
Volume & EV
DER(3)3.26%
DER(5)3.63%
Volume3.16M
Volume Incr-25.9%
Vol(5)3.13M
Vol(50)4.24M