DROPBOX INC. - Daily - Technical analysis published on 07/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 24.43 USD
My targets
25.99 USD (+1.76%)
27.14 USD (+6.26%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DROPBOX INC. as long as the price remains well above 24.43 USD. The buyers” bullish objective is set at 25.99 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.14 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DROPBOX INC. price is 25.54 USD. On the day, this instrument gained +0.12% with the lowest point at 25.42 USD and the highest point at 25.86 USD. The deviation from the price is +0.47% for the low point and -1.24% for the high point.25.42
25.86
25.54
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DROPBOX INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 21.45 | 22.74 | 24.43 | 25.54 | 25.99 | 27.14 |
| Change (%) | -16.01% | -10.96% | -4.35% | - | +1.76% | +6.26% |
| Change | -4.09 | -2.80 | -1.11 | - | +0.45 | +1.60 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 24.54 | 24.81 | 25.16 | 25.42 | 25.77 | 26.03 | 26.39 |
| Camarilla | 25.34 | 25.40 | 25.45 | 25.51 | 25.57 | 25.62 | 25.68 |
| Woodie | 24.59 | 24.83 | 25.20 | 25.44 | 25.82 | 26.06 | 26.43 |
| Fibonacci | 24.81 | 25.04 | 25.18 | 25.42 | 25.65 | 25.80 | 26.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.44 | 23.88 | 24.52 | 24.97 | 25.61 | 26.05 | 26.69 |
| Camarilla | 24.86 | 24.96 | 25.06 | 25.16 | 25.26 | 25.36 | 25.46 |
| Woodie | 23.53 | 23.93 | 24.62 | 25.02 | 25.70 | 26.10 | 26.79 |
| Fibonacci | 23.88 | 24.30 | 24.55 | 24.97 | 25.38 | 25.64 | 26.05 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.31 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 7.88 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 25.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.46 | |
| Elder Ray (13): | 0.67 | |
| Super Trend (3,10): | 23.79 | |
| Zig ZAG (10): | 25.62 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 86.90 | |
| TEMA (21): | 25.63 | |
| Williams %R (14): | -14.47 | |
| Chande Momentum Oscillator (20): | 0.79 | |
| Repulse (5,40,3): | 2.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 10.22 |
| MA7: | 25.20 | |
| MA20: | 24.68 | |
| MA50: | 23.67 | |
| MA100: | 23.25 | |
| MAexp7: | 25.21 | |
| MAexp20: | 24.67 | |
| MAexp50: | 23.93 | |
| MAexp100: | 23.65 | |
| Price / MA7: | +1.35% | |
| Price / MA20: | +3.48% | |
| Price / MA50: | +7.90% | |
| Price / MA100: | +9.85% | |
| Price / MAexp7: | +1.31% | |
| Price / MAexp20: | +3.53% | |
| Price / MAexp50: | +6.73% | |
| Price / MAexp100: | +7.99% |
News
Don"t forget to follow the news on DROPBOX INC.. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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