DBX Technical Analysis - DROPBOX INC-CLASS A

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to DBX. In the last year, DBX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

In the last month DBX has a been trading in the 28.53 - 32.40 range, which is quite wide. It is currently trading near the lows of this range.

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!

DBX has an average volume of 3409890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, DBX did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

DBX is an average performer in the Software industry, it outperforms 63% of 281 stocks in the same industry.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DROPBOX INC-CLASS A / DBX Weekly stock chart

DROPBOX INC-CLASS A / DBX Daily stock chart

Setup Rating and Analysis

DBX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

25.17

33.60

We found 4 important support areas.

Support @27.26 from a trend line in the weekly time frame.
A support zone ranging from 26.67 to 26.77. 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.
A support zone ranging from 25.42 to 25.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

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.

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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	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	70.18	POSITIVE	DBX has a high relative strength, it outperformed 70.18% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of DBX is below 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)	DOWN	MIXED	The current price of DBX is above a declining SMA(200).
Relative Strength Index/RSI (14)	43.93	NEUTRAL	The RSI value for DBX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.25	NEGATIVE	The MACD value suggests DBX has a negative trend.
Stochastics (14,3)	10.72	OVERSOLD	The low Stochastics value suggests DBX may be oversold.
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)	23.07	NEUTRAL	The ADX value for DBX suggests a possible start of a new trend.