DROPBOX INC-CLASS A (DBX) Stock Technical Analysis
USA - NASDAQ:DBX - US26210C1045 - Common Stock
Taking everything into account, DBX scores 4 out of 10 in our technical rating. DBX has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
DBX has only a medium technical rating, but it does show 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 28.64, a Stop Loss order could be placed below this zone.
More info and screens
25.20
5 important support areas can be observed.
- A support zone ranging from 28.24 to 28.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.61 from a trend line in the weekly time frame.
- A support zone ranging from 26.67 to 27.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @26.13 from a horizontal line in the daily time frame.
- Support @25.45 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.15 to 29.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.68 to 33.27. 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 DBX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DBX is neutral. |
| ChartMill Relative Strength | 63.45 | NEUTRAL | DBX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DBX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DBX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DBX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.01 | NEUTRAL | The RSI value for DBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DBX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.99 | NEUTRAL | The Stochastics value for DBX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for DBX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.25 | NEUTRAL | The ADX value for DBX suggests a possible start of a new trend. |
29.11
-0.25 (-0.85%)
DROPBOX INC-CLASS A / DBX FAQ
What is the ChartMill technical rating of DROPBOX INC-CLASS A (DBX) stock?
ChartMill assigns a technical rating of 4 / 10 to DBX.
What is the trend direction for DBX stock?
The current trend direction for DROPBOX INC-CLASS A (DBX) is Bullish.
Can you provide the RSI signal for DROPBOX INC-CLASS A?
DROPBOX INC-CLASS A (DBX) has an RSI value of 47.0108. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for DROPBOX INC-CLASS A?
DROPBOX INC-CLASS A (DBX) has a support level at 28.64 and a resistance level at 29.15. Check the full technical report for our detailed analysis of DBX support and resistance levels.