DARDEN RESTAURANTS INC (DRI) Technical Analysis
NYSE:DRI • US2371941053
Current stock price
DRI Technical Rating and Analysis
Overall DRI gets a technical rating of 4 out of 10. In the last year, DRI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 70% of all other stocks performed better in the past year than DRI.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month DRI has a been trading in the 186.91 - 204.55 range, which is quite wide. It is currently trading near the high of this range.
- DRI has an average volume of 1422730 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 47% of 126 stocks in the same industry.
- 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 Weekly and Daily overview Charts
DRI Setup Rating and Analysis
DRI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 200.20, a Stop Loss order could be placed below this zone.
More info and screens
DRI Support and Resistance Analysis
172.08
4 important support areas can be observed.
- A support zone ranging from 190.62 to 200.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @184.20 from a trend line in the weekly time frame.
- Support @177.25 from a trend line in the weekly time frame.
- Support @173.82 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @213.40 from a horizontal line in the daily time frame.
DRI Technical Indicator Signal Analysis
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 | 30.79 | 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 | NEGATIVE | The current price of DRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DRI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.44 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.02 | POSITIVE | The MACD value suggests DRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.05 | OVERBOUGHT | The high Stochastics value suggests DRI may be overbought. |
| 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) | 19.8 | NEGATIVE | The low ADX value for DRI suggests a weak or negative trend. |
DRI Chart- and CandleStick Pattern Analysis
DRI Technicals: Chart, Performance Metrics, Trend & Indicators
201.06
-1.28 (-0.63%)
DARDEN RESTAURANTS INC / DRI TA FAQ
Can you provide the ChartMill technical rating for DARDEN RESTAURANTS INC?
ChartMill assigns a technical rating of 4 / 10 to DRI.
Can you provide the trend direction for DARDEN RESTAURANTS INC?
The current trend direction for DARDEN RESTAURANTS INC (DRI) is Bearish.
What is the RSI signal for DRI stock?
DARDEN RESTAURANTS INC (DRI) has an RSI value of 52.4431. This indicates that the stock is currently neutral.
What is the short term momentum for DARDEN RESTAURANTS INC (DRI) stock?
The short term momentum for DARDEN RESTAURANTS INC (DRI) is positive.
What is the support and resistance level for DRI stock?
DARDEN RESTAURANTS INC (DRI) has a support level at 200.2 and a resistance level at 213.4. Check the full technical report for our detailed analysis of DRI support and resistance levels.