DROPBOX INC. - 15 min. - Technical analysis published on 06/09/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
39%
28%
33%
My opinion
Bearish under 29.26 USD
My targets
29.05 USD (-0.34%)
28.75 USD (-1.37%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DROPBOX INC. as long as the price remains well below 29.26 USD. The next bearish objective for sellers is set at 29.05 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 28.75 USD. In case of crossing, the next objective would be the support located at 28.54 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 29.05 USD. With this support, against the trend traders who want to buy DROPBOX INC. on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.4
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Additional analysis
Quotes
The DROPBOX INC. rating is 29.15 USD. On the day, this instrument lost -0.68% and was between 28.84 USD and 29.68 USD. This implies that the price is at +1.07% from its lowest and at -1.79% from its highest.28.84
29.68
29.15
Here is a more detailed summary of the historical variations registered by DROPBOX INC.:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DROPBOX INC. in 15 min. shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.61 | 28.09 | 28.64 | 29.15 | 29.23 | 32.00 | 34.43 |
| Change (%) | -8.71% | -3.64% | -1.75% | - | +0.27% | +9.78% | +18.11% |
| Change | -2.54 | -1.06 | -0.51 | - | +0.08 | +2.85 | +5.28 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
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 | 28.54 | 28.75 | 29.05 | 29.26 | 29.56 | 29.77 | 30.07 |
| Camarilla | 29.21 | 29.26 | 29.30 | 29.35 | 29.40 | 29.44 | 29.49 |
| Woodie | 28.59 | 28.77 | 29.10 | 29.28 | 29.61 | 29.79 | 30.12 |
| Fibonacci | 28.75 | 28.95 | 29.07 | 29.26 | 29.46 | 29.58 | 29.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.97 | 25.87 | 27.19 | 28.09 | 29.41 | 30.31 | 31.63 |
| Camarilla | 27.89 | 28.09 | 28.30 | 28.50 | 28.70 | 28.91 | 29.11 |
| Woodie | 25.17 | 25.98 | 27.39 | 28.20 | 29.61 | 30.42 | 31.83 |
| Fibonacci | 25.87 | 26.72 | 27.25 | 28.09 | 28.94 | 29.47 | 30.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.91 | 22.50 | 24.92 | 26.51 | 28.93 | 30.52 | 32.94 |
| Camarilla | 26.25 | 26.62 | 26.98 | 27.35 | 27.72 | 28.09 | 28.45 |
| Woodie | 21.34 | 22.71 | 25.35 | 26.72 | 29.36 | 30.73 | 33.37 |
| Fibonacci | 22.50 | 24.03 | 24.98 | 26.51 | 28.04 | 28.99 | 30.52 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.64 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -6.48 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 29.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.00 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 28.99 | |
| Zig ZAG (10): | 29.23 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 72.44 | |
| TEMA (21): | 29.20 | |
| Williams %R (14): | -30.77 | |
| Chande Momentum Oscillator (20): | 0.31 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.47 |
| MA7: | 28.44 | |
| MA20: | 27.11 | |
| MA50: | 26.57 | |
| MA100: | 25.40 | |
| MAexp7: | 29.22 | |
| MAexp20: | 29.21 | |
| MAexp50: | 29.17 | |
| MAexp100: | 28.95 | |
| Price / MA7: | +2.50% | |
| Price / MA20: | +7.52% | |
| Price / MA50: | +9.71% | |
| Price / MA100: | +14.76% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.69% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on DROPBOX INC. at the time of the generation of this analysis was 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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