DARDEN RESTAURANTS INC (DRI) Stock Technical Analysis
NYSE:DRI - New York Stock Exchange, Inc. - US2371941053 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to DRI. Both in the recent history as in the last year, DRI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that DRI is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by DRI over the past year are nicely spread over this period.
DRI is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry. DRI outperforms 71% of them.
DRI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month DRI has a been trading in the 213.07 - 228.27 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DRI has an average volume of 1580290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DRI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 209.61, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
178.22
228.05
4 important support areas can be observed.
- A support zone ranging from 215.96 to 219.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 209.60 to 210.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @198.96 from a trend line in the weekly time frame.
- Support @180.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 225.79 to 225.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 85.83 | POSITIVE | DRI has a high relative strength, it outperformed 85.83% 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) | 56.16 | NEUTRAL | The RSI value for DRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.94 | NEGATIVE | The MACD value suggests DRI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.78 | NEUTRAL | The Stochastics value for DRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for DRI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.91 | NEUTRAL | The ADX value for DRI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 220.74 | 213.06 | 7.68 (3.48%) | 25.00% |
| An entry @220.74. This is a Buy Stop order right above the resistance zone. | An exit @213.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.68 points, which is 3.48%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
219.6
+1.63 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.75%
1 Week-0.56%
2 Weeks-2.3%
1 Month1.27%
3 Month14.15%
6 Month16.98%
12 Month51.22%
2 Year30%
3 Year76.4%
5 Year189.33%
10 Year197.72%
15 Year424.23%
Volatility
ATR(14)5.22
ATR(20)%2.14%
ATR Inc-23.29%
Range Today4.95
ADR(20)4.47
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.83
Mansfield1.3
10 Day High228.27
10 Day Low213.07
20 Day High228.27
20 Day Low213.07
52 Week High228.27
52 Week Low135.87
CS1 End209.61
CR1 Start217.99
Volume & EV
DER(3)1.34%
DER(5)0.44%
Volume1.52M
Volume Incr22.81%
Vol(5)1.93M
Vol(50)1.58M