|
|
Advanced TA SearchArchive
- 7/19/2024 -
Sign In to see current Signals. |
Darden Restaurants (DRI) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the Darden Restaurants (DRI). During the week, the DRI climbed 0.59 points, or 0.41%, and closed at 142.86 on Friday, July 19, 2024. Weekly volume was 10% above average.
DRI is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. DRI is a member of Restaurants Industry. Restaurants is the fifth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DRI long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 110.96 and reached 176.84 on March 4, 2024. DRI gained -65.88 points, or -59.37%, in 89 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (146.21) 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 135.87 on July 11, 2024. DRI lost 40.97 points, or 23.17%, in 18 weeks. The price is now at the 17.06% retracement level.
 Weekly Technical Indicators: [See DRI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access 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 July 11, 2024 at 135.87 and reached 148.66 on July 17, 2024. DRI gained -12.79 points, or -9.41%, in 6 days. The price is now at the 45.35% 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since July 17, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
| |
|
|