DARDEN RESTAURANTS INC (DRI) Stock Technical Analysis
USA - NYSE:DRI - US2371941053 - Common Stock
We assign a technical rating of 1 out of 10 to DRI. DRI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, DRI 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 181.16, a Stop Loss order could be placed below this zone.
More info and screens
179.32
We found 1 important support area.
- A support zone ranging from 181.13 to 181.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 186.58 to 188.66. 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 193.19 to 200.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 206.03 to 209.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 DRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRI is down. |
| ChartMill Relative Strength | 48.79 | NEUTRAL | DRI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DRI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.31 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests DRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.69 | NEUTRAL | The Stochastics value for DRI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for DRI suggests low volalility. |
| Average Directional Index/ADX (14) | 21.51 | NEUTRAL | The ADX value for DRI suggests a possible start of a new trend. |
184.82
-1.64 (-0.88%)
DARDEN RESTAURANTS INC / DRI FAQ
Can you provide the ChartMill technical rating for DARDEN RESTAURANTS INC?
ChartMill assigns a technical rating of 1 / 10 to DRI.
What is the current trend direction of DARDEN RESTAURANTS INC (DRI) stock?
The current trend direction for DARDEN RESTAURANTS INC (DRI) is Bearish.
Can you provide the RSI signal for DARDEN RESTAURANTS INC?
DARDEN RESTAURANTS INC (DRI) has an RSI value of 36.3058. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DARDEN RESTAURANTS INC?
The short term momentum for DARDEN RESTAURANTS INC (DRI) is negative.
Can you provide the support and resistance levels for DARDEN RESTAURANTS INC?
DARDEN RESTAURANTS INC (DRI) has a support level at 181.16 and a resistance level at 186.58. Check the full technical report for our detailed analysis of DRI support and resistance levels.