DARDEN RESTAURANTS INC (DRI) Stock Technical Analysis
NYSE:DRI • US2371941053
Taking everything into account, DRI scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DRI is only an average performer.
- The long and short term trends are both positive. This is looking good!
- DRI is part of the Hotels, Restaurants & Leisure industry. There are 125 other stocks in this industry. DRI outperforms 82% of them.
- 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 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.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- DRI has an average volume of 1613740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, DRI did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, DRI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 205.41, a Stop Loss order could be placed below this zone.
More info and screens
178.78
We found 3 important support areas.
- A support zone ranging from 203.40 to 205.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 196.42 to 199.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @180.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 214.27 to 214.57. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 70.34 | POSITIVE | DRI has a high relative strength, it outperformed 70.34% 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) | 55.56 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests DRI has a negative trend. |
| Stochastics (14,3) | 43.54 | NEUTRAL | The Stochastics value for DRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for DRI suggests some volalility. |
| Average Directional Index/ADX (14) | 23.83 | NEUTRAL | The ADX value for DRI suggests a possible start of a new 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 |
|---|---|---|---|
| 214.58 | 209.93 | 4.65 (2.17%) | 25.00% |
| An entry @214.58. This is a Buy Stop order right above the resistance zone. | An exit @209.93. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.65 points, which is 2.17%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of DRI. Please evaluate whether better entry and exit points can be found.
- 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.
213.85
-0.98 (-0.46%)
DARDEN RESTAURANTS INC / DRI FAQ
Can you provide the ChartMill technical rating for DARDEN RESTAURANTS INC?
ChartMill assigns a technical rating of 8 / 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 55.562. 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 205.41 and a resistance level at 214.27. Check the full technical report for our detailed analysis of DRI support and resistance levels.