DARDEN RESTAURANTS INC (DRI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DRI • US2371941053
Taking everything into account, DRI scores 6 out of 10 in our technical rating. In the last year, DRI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- DRI has an average volume of 1674880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, DRI outperforms 57% of them, which is more or less in line with the market.
- DRI is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry, DRI did better than 67% of them.
- DRI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRI is lagging the market.
- In the last month DRI has a been trading in the 183.34 - 215.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DRI has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
172.08
We found 3 important support areas.
- A support zone ranging from 194.44 to 196.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @178.79 from a trend line in the weekly time frame.
- Support @173.82 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 201.91 to 204.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @209.54 from a horizontal line in the daily time frame.
- Resistance @214.00 from a trend line in the daily time frame.
- Resistance @220.27 from a horizontal line in the daily 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 DRI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRI is neutral. |
| ChartMill Relative Strength | 57.61 | NEUTRAL | DRI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DRI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.44 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.87 | NEGATIVE | The MACD value suggests DRI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.34 | OVERSOLD | The low Stochastics value suggests DRI may be oversold. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for DRI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.97 | POSITIVE | The high ADX value value for DRI suggests a strong trend. |
199.37
+0.04 (+0.02%)
DARDEN RESTAURANTS INC / DRI FAQ
Can you provide the ChartMill technical rating for DARDEN RESTAURANTS INC?
ChartMill assigns a technical rating of 6 / 10 to DRI.
Can you provide the trend direction for DARDEN RESTAURANTS INC?
The current trend direction for DARDEN RESTAURANTS INC (DRI) is Bullish.
What is the RSI signal for DARDEN RESTAURANTS INC (DRI) stock?
DARDEN RESTAURANTS INC (DRI) has an RSI value of 51.4428. This indicates that the stock is currently neutral.
What is the support and resistance level for DRI stock?
DARDEN RESTAURANTS INC (DRI) has a support level at 196.42 and a resistance level at 201.91. Check the full technical report for our detailed analysis of DRI support and resistance levels.