DROPBOX INC-CLASS A (DBX)

US26210C1045 - Common Stock

30.25  +0.46 (+1.54%)

After market: 31 +0.75 (+2.48%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to DBX. Although DBX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.
DBX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DBX is performing more or less in line with the market.
In the last month DBX has a been trading in the 27.57 - 30.99 range, which is quite wide. It is currently trading near the high of this range.
DBX has an average volume of 2948830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that DBX is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
DBX is an average performer in the Software industry, it outperforms 53% of 280 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
DBX Weekly chart
DBX Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, DBX also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

21.87

30.55

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 29.71 to 29.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 27.49 to 27.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 25.98 to 26.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @22.09 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.75
Mansfield0.8
10 Day High30.99
10 Day Low28.48
20 Day High30.99
20 Day Low27.57
52 Week High33.43
52 Week Low20.68
Performance
1 Week1.61%
2 Weeks4.09%
1 Month9.44%
3 Month22.47%
6 Month36.69%
12 Month0.33%
2 Year35.17%
3 Year23.27%
5 Year68.9%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)60.71
LBB28.04
UBB31.04
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
31.0029.701.30 (4.19%)23.85%
An entry @31.00. This is a Buy Stop order right above the 10 day high.An exit @29.70. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.30 points, which is 4.19%.For a 1.00% total portfolio risk, you can invest 23.85% of your capital in this trade.

  • 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.
DBX Daily chart

DROPBOX INC-CLASS A

NASDAQ:DBX (12/20/2024, 8:04:52 PM)

After market: 31 +0.75 (+2.48%)

30.25

+0.46 (+1.54%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.54%
1 Week1.61%
2 Weeks4.09%
1 Month9.44%
3 Month22.47%
6 Month36.69%
12 Month0.33%
2 Year35.17%
3 Year23.27%
5 Year68.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%2.56%
ATR Inc14.57%
Range Today1
ADR(20)0.71
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.75
Mansfield0.8
10 Day High30.99
10 Day Low28.48
20 Day High30.99
20 Day Low27.57
52 Week High33.43
52 Week Low20.68
CS1 End29.83
CR1 StartN/A
Volume & EV
DER(3)-3.2%
DER(5)-2.2%
Volume10.04M
Volume Incr81.89%
Vol(5)4.81M
Vol(50)2.95M