DROPBOX INC-CLASS A (DBX) Stock Technical Analysis
NASDAQ:DBX - Nasdaq - US26210C1045 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to DBX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DBX is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that DBX is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, DBX also shows a nice and consistent pattern of rising prices.
DBX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DBX is lagging the market slightly.
In the last month DBX has a been trading in the 31.00 - 33.33 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.
DBX has an average volume of 3057210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DBX is part of the Software industry. There are 284 other stocks in this industry, DBX did better than 65% of them.
Volume is considerably higher in the last couple of days.
Although DBX has an excellent technical rating, it does not present a decent entry opportunity 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
21.55
33.61
We found 4 important support areas.
- Support @31.46 from a trend line in the daily time frame.
- A support zone ranging from 30.10 to 30.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.41 to 29.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.77 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.95 to 33.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.23
Mansfield1.41
10 Day High33.27
10 Day Low31.36
20 Day High33.33
20 Day Low31
52 Week High33.33
52 Week Low20.68
Performance
1 Week-0.06%
2 Weeks-2.3%
1 Month2.21%
3 Month13.9%
6 Month31.03%
12 Month32.83%
2 Year56.27%
3 Year40.5%
5 Year62.99%
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)-0.07
RSI(14)51.4
LBB31.48
UBB33.11
31.88
-0.79 (-2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.42%
1 Week-0.06%
2 Weeks-2.3%
1 Month2.21%
3 Month13.9%
6 Month31.03%
12 Month32.83%
2 Year56.27%
3 Year40.5%
5 Year62.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%2.1%
ATR Inc63.44%
Range Today1.05
ADR(20)0.66
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.23
Mansfield1.41
10 Day High33.27
10 Day Low31.36
20 Day High33.33
20 Day Low31
52 Week High33.33
52 Week Low20.68
CS1 End31.46
CR1 Start31.95
Volume & EV
DER(3)-0.04%
DER(5)0.18%
Volume6.76M
Volume Incr55.78%
Vol(5)4.19M
Vol(50)3.06M