DOORDASH INC - A (DASH) Stock Technical Analysis
NASDAQ:DASH • US25809K1051
Overall DASH gets a technical rating of 0 out of 10. DASH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 80% of all other stocks performed better in the past year than DASH.
- DASH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DASH is lagging the market.
- In the last month DASH has a been trading in the 158.00 - 208.13 range, which is quite wide. It is currently trading near the lows of this range.
- DASH has an average volume of 5142620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DASH is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 40% of 125 stocks in the same industry.
DASH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 175.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 163.16, a Stop Loss order could be placed below this zone.
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158.73
When analyzing the support we notice one important area.
- A support zone ranging from 160.33 to 163.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 175.99 to 176.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @180.42 from a horizontal line in the daily time frame.
- A resistance zone ranging from 200.91 to 201.88. 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 | DOWN | NEGATIVE | The long term trend for DASH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DASH is down. |
| ChartMill Relative Strength | 20.43 | NEGATIVE | DASH has a low relative strength, it was outperformed by 79.57% 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) | DOWN | NEGATIVE | The current price of DASH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DASH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.56 | NEUTRAL | The RSI value for DASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.99 | POSITIVE | The MACD value suggests DASH has a positive trend. |
| Stochastics (14,3) | 58.46 | NEUTRAL | The Stochastics value for DASH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.76 | HIGH VOLATILITY | The high ATR as a percentage value for DASH suggests high volalility. |
| Average Directional Index/ADX (14) | 27.93 | POSITIVE | The high ADX value value for DASH suggests a strong trend. |
175.46
-0.95 (-0.54%)
DOORDASH INC - A / DASH FAQ
What is the technical rating for DASH stock?
ChartMill assigns a technical rating of 0 / 10 to DASH.
Can you provide the trend direction for DOORDASH INC - A?
The current trend direction for DOORDASH INC - A (DASH) is Bearish.
What is the RSI signal for DOORDASH INC - A (DASH) stock?
DOORDASH INC - A (DASH) has an RSI value of 42.5619. This indicates that the stock is currently neutral.
What is the MACD signal for DOORDASH INC - A (DASH) stock?
The MACD indicator for DOORDASH INC - A (DASH) has a value of 1.99235, indicating a bullish trend.
What are the support and resistance levels for DOORDASH INC - A (DASH) stock?
DOORDASH INC - A (DASH) has a support level at 163.16 and a resistance level at 175.99. Check the full technical report for our detailed analysis of DASH support and resistance levels.