DROPBOX INC-CLASS A (DBX) Technical Analysis
NASDAQ:DBX • US26210C1045
Current stock price
DBX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to DBX. DBX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 83% of all other stocks performed better in the past year than DBX.
- DBX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month DBX has a been trading in the 21.70 - 26.01 range, which is quite wide. It is currently trading near the lows of this range.
- DBX has an average volume of 4230510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DBX is an average performer in the Software industry, it outperforms 61% of 271 stocks in the same industry.
DBX Weekly and Daily overview Charts
DBX Setup Rating and Analysis
Although the technical rating is bad, DBX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 22.06, a Stop Loss order could be placed below this zone.
More info and screens
DBX Support and Resistance Analysis
21.84
We found 1 important support area.
- A support zone ranging from 22.06 to 22.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 22.72 to 22.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.51 to 23.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.35 to 25.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.58 from a horizontal line in the daily time frame.
- Resistance @30.20 from a trend line in the weekly time frame.
DBX Technical Indicator Signal Analysis
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 | 17.23 | NEGATIVE | DBX has a low relative strength, it was outperformed by 82.77% 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) | 39.65 | 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) | 20.59 | NEUTRAL | The Stochastics value for DBX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for DBX suggests some volalility. |
| Average Directional Index/ADX (14) | 37.57 | POSITIVE | The high ADX value value for DBX suggests a strong trend. |
DBX Chart- and CandleStick Pattern Analysis
DBX Technicals: Chart, Performance Metrics, Trend & Indicators
22.71
+0.65 (+2.95%)
DROPBOX INC-CLASS A / DBX TA 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.
What is the RSI signal for DBX stock?
DROPBOX INC-CLASS A (DBX) has an RSI value of 39.6534. This indicates that the stock is currently neutral.
What is the short term momentum for DBX stock?
The short term momentum for DROPBOX INC-CLASS A (DBX) is negative.
Can you provide the support and resistance levels for DROPBOX INC-CLASS A?
DROPBOX INC-CLASS A (DBX) has a support level at 22.06 and a resistance level at 22.72. Check the full technical report for our detailed analysis of DBX support and resistance levels.