DARDEN RESTAURANTS INC (DRI)       134.35  +2.14 (+1.62%)

134.35  +2.14 (+1.62%)

US2371941053 - Common Stock - After market: 134.35 0 (0%)

Technical Rating

Taking everything into account, DRI scores 7 out of 10 in our technical rating. In the last year, DRI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.



The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month DRI has a been trading in the 115.07 - 135.31 range, which is quite wide. It is currently trading near the high of this range.
DRI has an average volume of 1266370 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 78% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
DRI is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 62% of 148 stocks in the same industry.
DRI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 11.78% 15.57% -7.18% -3.56% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 78.6 110.96 - 164.277
DRI Weekly chart
DRI Daily chart

Support/Resistance Analysis


110.72

149.88
When analyzing the support we can see 3 important areas.
  • Support @130.99 from a trend line in the daily time frame.
  • A support zone ranging from 114.20 to 117.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @111.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 134.36 to 135.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @138.06 from a horizontal line in the daily time frame.
  • Resistance @148.40 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

Although DRI has an excellent technical rating, it does not offer a high quality setup 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.


DRI Daily chart

DARDEN RESTAURANTS INC134.35

NYSE:DRI (8/16/2022, 7:25:44 PM)+2.14 (+1.62%)

After market: 134.35 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Hotels, Restaurants & Leisure
Performance
Today 1.62% 1 Week 6.8%
2 Weeks 8.22% 1 Month 11.78%
3 Month 15.57% 6 Month -7.18%
Volatility
ATR(14) 3.08 ATR(20)% 2.46%
ATR Inc 1.84% Range Today 4.01
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 78.6 Mansfield -0.06
10 Day High 135.31 10 Day Low 123.5
20 Day High 135.31 20 Day Low 115.07
52 Week High 164.28 52 Week Low 110.96
CS1 End 130.99 CR1 Start 134.36
Volume & EV
DER(3) 1.28% DER(5) 0.52%
Volume 1.07M Volume Incr 0.72%
Vol(5) 1.06M Vol(50) 1.27M

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