DBX - Managing Risk in Dropbox Inc. Class A Common Stock #DBX by Using Price Action
The #priceactio n in Dropbox Inc. Class A Common Stock (NYSE: DBX) can help investors find #opportunity and integrate #riskmanagement tools . Stock Traders Daily has demonstrated that in this article. Review The plans for DBX below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 21.72 | |||
| P2 | |||
| 25.23 | |||
| 25.62 | |||
| 24.31 | |||
| P3 | |||
| 25.71 | |||
| 26.41 | |||
| 27.08 |
Long Term Trading Plans for DBX
May 4, 2021, 8:30 am ET
The Technical Summary and Trading Plans for DBX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DBX Report.
DBX - (Long) Support Plan
The technical summary data tells us to buy DBX near 24.31 with an upside target of 27.08. This data also tells us to set a stop loss @ 24.24 to protect against excessive loss in case the stock begins to move against the trade. 24.31 is the first level of support below 25.32 , and by rule, any test of support is a buy signal. In this case, support 24.31 is being tested, a buy signal would exist.
DBX - (Short) Resistance Plan
The technical summary data is suggesting a short of DBX as it gets near 27.08 with a downside target of 24.31. We should have a stop loss in place at 27.16though. 27.08 is the first level of resistance above 25.32, and by rule, any test of resistance is a short signal. In this case, if resistance 27.08 is being tested, a short signal would exist.