DARDEN RESTAURANTS INC (DRI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DRI - US2371941053 - Common Stock
Taking everything into account, DRI scores 5 out of 10 in our technical rating. In the past year, DRI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
DRI has only a medium technical rating, but it does show 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 188.36, a Stop Loss order could be placed below this zone.
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167.51
We found 3 important support areas.
- A support zone ranging from 180.57 to 188.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 173.82 to 176.53. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @169.20 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 189.88 to 197.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @202.65 from a horizontal line in the daily time frame.
- Resistance @208.56 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 | NEUTRAL | NEUTRAL | The long term trend for DRI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRI is up. |
| ChartMill Relative Strength | 41.13 | NEUTRAL | DRI is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of DRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.05 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests DRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.33 | NEUTRAL | The Stochastics value for DRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for DRI suggests some volalility. |
| Average Directional Index/ADX (14) | 32.41 | POSITIVE | The high ADX value value for DRI suggests a strong trend. |
188.37
-1.54 (-0.81%)
DARDEN RESTAURANTS INC / DRI FAQ
Can you provide the ChartMill technical rating for DARDEN RESTAURANTS INC?
ChartMill assigns a technical rating of 5 / 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 58.0464. 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 positive.
Can you provide the support and resistance levels for DARDEN RESTAURANTS INC?
DARDEN RESTAURANTS INC (DRI) has a support level at 188.36 and a resistance level at 189.88. Check the full technical report for our detailed analysis of DRI support and resistance levels.