DARDEN RESTAURANTS INC (DRI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DRI - US2371941053 - Common Stock
Taking everything into account, DRI scores 7 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- DRI is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry. DRI outperforms 80% of them.
- DRI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- DRI has an average volume of 1688790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DRI is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- 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.
DRI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 202.65, a Stop Loss order could be placed below this zone.
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176.56
4 important support areas can be observed.
- A support zone ranging from 199.96 to 202.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 192.25 to 193.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @184.01 from a horizontal line in the daily time frame.
- Support @178.34 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 208.27 to 209.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @214.31 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 | UP | POSITIVE | The short term trend for DRI is up. |
| ChartMill Relative Strength | 71.84 | POSITIVE | DRI has a high relative strength, it outperformed 71.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRI is above 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) | 60.8 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests DRI has a negative trend. |
| Stochastics (14,3) | 69.22 | NEUTRAL | The Stochastics value for DRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for DRI suggests some volalility. |
| Average Directional Index/ADX (14) | 41.56 | POSITIVE | The high ADX value value for DRI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 209.55 | 199.95 | 9.60 (4.58%) | 21.83% |
| An entry @209.55. This is a Buy Stop order right above the resistance zone. | An exit @199.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.60 points, which is 4.58%. | When investing 21.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
206.17
+1.01 (+0.49%)
DARDEN RESTAURANTS INC / DRI FAQ
Can you provide the ChartMill technical rating for DARDEN RESTAURANTS INC?
ChartMill assigns a technical rating of 7 / 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 60.8038. This indicates that the stock is currently neutral.
What is the buy/sell signal for DRI stock?
The buy/sell signal for DARDEN RESTAURANTS INC (DRI) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for DARDEN RESTAURANTS INC?
DARDEN RESTAURANTS INC (DRI) has a support level at 202.65 and a resistance level at 208.27. Check the full technical report for our detailed analysis of DRI support and resistance levels.