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Advanced TA SearchArchive
- 4/26/2024 -
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Darden Restaurants (DRI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Darden Restaurants (DRI). During the week, the DRI gained 3.60 points, or 2.36%, and closed at 156.10 on Friday, April 26, 2024. It was the best weekly gain since February 23, 2024. DRI was trading at average weekly trading volume.
 Long-term trend: [See DRI long-term trend chart]
A long-term uptrend had started on October 13, 2023 at 133.36 and reached 176.84 on March 4, 2024. DRI gained -43.48 points, or -32.60%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (178.83) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See DRI medium-term trend chart]
A medium-term downtrend had started on March 4, 2024 at 176.84 and reached 151.54 on April 12, 2024. DRI lost 25.30 points, or 14.31%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 143.33 and resistance is at 158.36. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DRI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See DRI short-term trend chart]
A short-term uptrend had started on April 12, 2024 at 151.54 and reached 158.19 on April 26, 2024. DRI gained -6.65 points, or -4.39%, in 14 days. The price is now at the 31.43% retracement level.
 Daily Technical Indicators: [See DRI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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