DROPBOX INC-CLASS A (DBX) Stock Technical Analysis
NASDAQ:DBX - Nasdaq - US26210C1045 - Common Stock - Currency: USD
Overall DBX gets a technical rating of 7 out of 10. In the last year, DBX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, DBX did better than 82% of all other stocks.
In the last month DBX has a been trading in the 27.68 - 29.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DBX has an average volume of 3538840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DBX is part of the Software industry. There are 284 other stocks in this industry, DBX did better than 68% of them.
DBX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DBX is lagging the market.
DBX 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 very little resistance above the current price. There is a support zone below the current price at 28.83, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
24.90
33.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.44 to 28.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.66 from a trend line in the weekly time frame.
- A support zone ranging from 25.15 to 25.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @28.85 from a trend line in the weekly time frame.
- A resistance zone ranging from 29.70 to 29.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 32.78 to 33.16. This zone is formed by a combination of multiple trend lines in the weekly 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 DBX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DBX is neutral. |
| ChartMill Relative Strength | 82.15 | POSITIVE | DBX has a high relative strength, it outperformed 82.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DBX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DBX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.57 | NEUTRAL | The RSI value for DBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.51 | NEUTRAL | The Stochastics value for DBX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for DBX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.79 | NEGATIVE | The low ADX value for DBX 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 |
|---|---|---|---|
| 28.86 | 28.43 | 0.43 (1.49%) | 25.00% |
| An entry @28.86. This is a Buy Stop order right above the resistance zone. | An exit @28.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.43 points, which is 1.49%. | For a 0.37% 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 DBX. 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.
28.84
+0.12 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.42%
1 Week0.66%
2 Weeks-2.14%
1 Month0.87%
3 Month8.58%
6 Month-5.5%
12 Month28.35%
2 Year8.14%
3 Year37.4%
5 Year32.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%2.02%
ATR Inc-19.31%
Range Today0.52
ADR(20)0.58
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.15
Mansfield0.09
10 Day High29.62
10 Day Low27.68
20 Day High29.81
20 Day Low27.68
52 Week High33.33
52 Week Low21.32
CS1 End28.83
CR1 Start28.85
Volume & EV
DER(3)-1.05%
DER(5)0.78%
Volume2.98M
Volume Incr31.02%
Vol(5)4.17M
Vol(50)3.54M