DROPBOX INC-CLASS A (DBX) Stock Technical Analysis
NASDAQ:DBX • US26210C1045
Taking everything into account, DBX scores 0 out of 10 in our technical rating. DBX 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 DBX.
- DBX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- DBX is one of the better performing stocks in the Software industry, it outperforms 71% of 274 stocks in the same industry.
- DBX has an average volume of 4217710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month DBX has a been trading in the 23.63 - 26.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
DBX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DBX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
24.03
We found 1 important support area.
- A support zone ranging from 24.27 to 24.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 25.48 to 25.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.41 from a horizontal line in the daily time frame.
- Resistance @29.24 from a trend line in the daily time frame.
- Resistance @30.49 from a trend line 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 | DOWN | NEGATIVE | The long term trend for DBX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DBX is down. |
| ChartMill Relative Strength | 20.01 | NEGATIVE | DBX has a low relative strength, it was outperformed by 79.99% off all stocks 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) | DOWN | NEGATIVE | The current price of DBX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DBX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.38 | NEUTRAL | The RSI value for DBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DBX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.62 | NEUTRAL | The Stochastics value for DBX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for DBX suggests some volalility. |
| Average Directional Index/ADX (14) | 54.51 | POSITIVE | The high ADX value value for DBX suggests a strong trend. |
24.28
-0.22 (-0.9%)
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 0 / 10 to DBX.
Can you provide the trend direction for DROPBOX INC-CLASS A?
The current trend direction for DROPBOX INC-CLASS A (DBX) is Bearish.
Can you provide the RSI signal for DROPBOX INC-CLASS A?
DROPBOX INC-CLASS A (DBX) has an RSI value of 37.3842. This indicates that the stock is currently neutral.
What is the MACD signal for DROPBOX INC-CLASS A (DBX) stock?
The MACD indicator for DROPBOX INC-CLASS A (DBX) has a value of 0.0678606, indicating a bearish trend.
Can you provide the buy/sell signal for DROPBOX INC-CLASS A?
The buy/sell signal for DROPBOX INC-CLASS A (DBX) is sell as both the short term and long term trends are negative.