DARDEN RESTAURANTS INC (DRI) Stock Technical Analysis
USA - NYSE:DRI - US2371941053 - Common Stock
212.61 USD
-0.79 (-0.37%)
212.61 USD
0 (0%)
Overall DRI gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DRI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that DRI is one of the better performing stocks in the market, outperforming 72% of all stocks. On top of that, DRI also shows a nice and consistent pattern of rising prices.
DRI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DRI is lagging the market slightly.
DRI has an average volume of 1005770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DRI is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 67% of 134 stocks in the same industry.
In the last month DRI has a been trading in a tight range between 204.41 and 215.28.
Besides having an excellent technical rating, DRI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 210.37, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
196.02
228.05
2 important support areas can be observed.
- A support zone ranging from 207.33 to 210.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 198.00 to 203.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 225.79 to 225.79. 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 | 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 | 72.81 | POSITIVE | DRI has a high relative strength, it outperformed 72.81% 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) | DOWN | MIXED | The current price of DRI is above a declining 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) | 62.08 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests DRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.22 | OVERBOUGHT | The high Stochastics value suggests DRI may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for DRI suggests low volalility. |
| Average Directional Index/ADX (14) | 21.12 | NEUTRAL | The ADX value for DRI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 215.29 | 207.32 | 7.97 (3.70%) | 25.00% |
| An entry @215.29. This is a Buy Stop order right above the 10 day high. | An exit @207.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.97 points, which is 3.70%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
212.61
-0.79 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.37%
1 Week1.18%
2 Weeks2.85%
1 Month3.18%
3 Month-2.25%
6 Month14.31%
12 Month32.67%
2 Year48.45%
3 Year68.31%
5 Year111.05%
10 Year210.2%
15 Year396.99%
Volatility
ATR(14)2.89
ATR(20)%1.48%
ATR Inc24.98%
Range Today2.84
ADR(20)3.1
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.81
Mansfield-0.05
10 Day High215.28
10 Day Low205.73
20 Day High215.28
20 Day Low204.41
52 Week High228.27
52 Week Low155.18
CS1 End210.37
CR1 Start225.79
Volume & EV
DER(3)-2.51%
DER(5)-2.41%
Volume1.14M
Volume Incr31.62%
Vol(5)1.12M
Vol(50)1.01M