DOORDASH INC. CLASS A - 1H - Technical analysis published on 02/23/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
DOORDASH INC. CLASS A Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 101.92 USD
My targets
92.29 USD (-0.94%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DOORDASH INC. CLASS A as long as the price remains well below 101.92 USD. The sellers' bearish objective is set at 92.29 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by taha.
Additional analysis
Quotes
The DOORDASH INC. CLASS A price is 93.17 USD. The price registered a decrease of -3.16% on the session and was traded between 89.52 USD and 102.89 USD over the period. The price is currently at +4.08% from its lowest and -9.45% from its highest.89.52
102.89
93.17
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOORDASH INC. CLASS A:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of DOORDASH INC. CLASS A in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 92.29 | 93.17 | 108.13 | 116.03 | 125.16 |
Change (%) | -0.94% | - | +16.06% | +24.54% | +34.34% |
Change | -0.88 | - | +14.96 | +22.86 | +31.99 |
Level | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 74.13 | 81.82 | 87.50 | 95.19 | 100.87 | 108.56 | 114.24 |
Camarilla | 89.49 | 90.72 | 91.94 | 93.17 | 94.40 | 95.62 | 96.85 |
Woodie | 73.12 | 81.32 | 86.49 | 94.69 | 99.86 | 108.06 | 113.23 |
Fibonacci | 81.82 | 86.93 | 90.09 | 95.19 | 100.30 | 103.46 | 108.56 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 65.39 | 79.47 | 87.84 | 101.92 | 110.29 | 124.37 | 132.74 |
Camarilla | 90.04 | 92.09 | 94.15 | 96.21 | 98.27 | 100.33 | 102.38 |
Woodie | 62.54 | 78.04 | 84.99 | 100.49 | 107.44 | 122.94 | 129.89 |
Fibonacci | 79.47 | 88.05 | 93.34 | 101.92 | 110.50 | 115.79 | 124.37 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 26.97 | 59.88 | 86.68 | 119.59 | 146.39 | 179.30 | 206.10 |
Camarilla | 97.07 | 102.54 | 108.02 | 113.49 | 118.96 | 124.44 | 129.91 |
Woodie | 23.93 | 58.35 | 83.64 | 118.06 | 143.35 | 177.77 | 203.06 |
Fibonacci | 59.88 | 82.69 | 96.78 | 119.59 | 142.40 | 156.49 | 179.30 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 42.35 | |
MACD (12,26,9): | -2.0200 | |
Directional Movement: | 0.17 | |
AROON (14): | -78.57 | |
DEMA (21): | 94.67 | |
Parabolic SAR (0,02-0,02-0,2): | 104.73 | |
Elder Ray (13): | -1.32 | |
Super Trend (3,10): | 103.76 | |
Zig ZAG (10): | 93.19 | |
VORTEX (21): | 0.8800 | |
Stochastique (14,3,5): | 21.01 | |
TEMA (21): | 92.90 | |
Williams %R (14): | -76.87 | |
Chande Momentum Oscillator (20): | -7.49 | |
Repulse (5,40,3): | -1.3100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1500 | |
Courbe Coppock: | 18.60 |
MA7: | 97.60 | |
MA20: | 101.06 | |
MA50: | 125.71 | |
MA100: | 163.27 | |
MAexp7: | 94.04 | |
MAexp20: | 96.86 | |
MAexp50: | 98.76 | |
MAexp100: | 101.76 | |
Price / MA7: | -4.54% | |
Price / MA20: | -7.81% | |
Price / MA50: | -25.88% | |
Price / MA100: | -42.94% | |
Price / MAexp7: | -0.90% | |
Price / MAexp20: | -3.79% | |
Price / MAexp50: | -5.64% | |
Price / MAexp100: | -8.42% |
Quotes :
-
15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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