DROPBOX INC. - 1H - Technical analysis published on 05/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
39%
28%
33%
My opinion
Bearish under 22.45 USD
My targets
21.00 USD (-2.33%)
19.38 USD (-9.86%)
My analysis
The strong short-term decline in DROPBOX INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 22.45 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 21.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19.38 USD as an objective. Crossing it would then enable sellers to target 18.54 USD. Be careful, a return to above 22.45 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
0
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This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DROPBOX INC. price is 21.50 USD. The price is lower by -0.09% since the last closing and was between 20.81 USD and 21.50 USD. This implies that the price is at +3.32% from its lowest and at 0% from its highest.20.81
21.50
21.50
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 DROPBOX INC.:
Technical
Technical analysis of DROPBOX INC. in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.54 | 19.38 | 21.00 | 21.50 | 22.45 | 23.02 | 26.08 |
| Change (%) | -13.77% | -9.86% | -2.33% | - | +4.42% | +7.07% | +21.30% |
| Change | -2.96 | -2.12 | -0.50 | - | +0.95 | +1.52 | +4.58 |
| Level | Intermediate | Major | Major | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.07 | 20.62 | 21.07 | 21.62 | 22.07 | 22.62 | 23.07 |
| Camarilla | 21.25 | 21.34 | 21.43 | 21.52 | 21.61 | 21.70 | 21.80 |
| Woodie | 20.02 | 20.60 | 21.02 | 21.60 | 22.02 | 22.60 | 23.02 |
| Fibonacci | 20.62 | 21.00 | 21.24 | 21.62 | 22.00 | 22.24 | 22.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.08 | 17.69 | 19.79 | 21.40 | 23.50 | 25.11 | 27.21 |
| Camarilla | 20.86 | 21.20 | 21.54 | 21.88 | 22.22 | 22.56 | 22.90 |
| Woodie | 16.32 | 17.81 | 20.03 | 21.52 | 23.74 | 25.23 | 27.45 |
| Fibonacci | 17.69 | 19.11 | 19.99 | 21.40 | 22.82 | 23.70 | 25.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.56 | 15.94 | 18.48 | 19.86 | 22.40 | 23.78 | 26.32 |
| Camarilla | 19.94 | 20.30 | 20.66 | 21.02 | 21.38 | 21.74 | 22.10 |
| Woodie | 15.14 | 16.23 | 19.06 | 20.15 | 22.98 | 24.07 | 26.90 |
| Fibonacci | 15.94 | 17.44 | 18.36 | 19.86 | 21.36 | 22.28 | 23.78 |
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): | 47.71 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -8.21 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 21.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.86 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 22.27 | |
| Zig ZAG (10): | 21.50 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 32.81 | |
| TEMA (21): | 21.04 | |
| Williams %R (14): | -49.28 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | 1.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 10.36 |
| MA7: | 21.74 | |
| MA20: | 20.71 | |
| MA50: | 19.03 | |
| MA100: | 18.68 | |
| MAexp7: | 21.32 | |
| MAexp20: | 21.57 | |
| MAexp50: | 21.51 | |
| MAexp100: | 21.06 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | +3.81% | |
| Price / MA50: | +12.98% | |
| Price / MA100: | +15.10% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +2.09% |
News
The latest news and videos published on DROPBOX INC. at the time of the analysis were as follows:
- Dropbox: the smart workspace
- Dropbox Announces Fourth Quarter and Fiscal 2018 Results
- Dropbox Completes Acquisition of HelloSign
This member declared not having a position on this financial instrument or a related financial instrument.
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