DARDEN RESTAURANTS INC (DRI) Stock Technical Analysis
USA - NYSE:DRI - US2371941053 - Common Stock
Taking everything into account, DRI scores 0 out of 10 in our technical rating. DRI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
DRI has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
167.51
2 important support areas can be observed.
- A support zone ranging from 172.69 to 173.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @169.20 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 193.19 to 193.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 201.63 to 202.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 208.56 to 209.54. This zone is formed by a combination of multiple trend lines 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 | 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 | 33.56 | 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) | DOWN | NEGATIVE | The current price of DRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.94 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests DRI has a positive trend. |
| Stochastics (14,3) | 16.05 | OVERSOLD | The low Stochastics value suggests DRI may be oversold. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for DRI suggests some volalility. |
| Average Directional Index/ADX (14) | 34.17 | POSITIVE | The high ADX value value for DRI suggests a strong trend. |
174.72
+5.51 (+3.26%)
DARDEN RESTAURANTS INC / DRI FAQ
Can you provide the ChartMill technical rating for DARDEN RESTAURANTS INC?
ChartMill assigns a technical rating of 0 / 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 42.9372. 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 173.82 and a resistance level at 193.19. Check the full technical report for our detailed analysis of DRI support and resistance levels.