DBX - Why Investors in Dropbox Inc. Class A Common Stock Consider Price Action to be a Tell
A tell is a precursor of a stock's next move, and investors in Dropbox Inc. Class A Common Stock (NYSE: DBX) look for these indicators all the time. the good news is, tells are there for investors to see every day. For example, we have provided this data for DBX in the trading plans and summary table offered below. The tell is described there, for you to review. Our data was current at the time of publication, but it is not updated in real time here. If you want 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 | |||
| Neutral | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 19.90 | |||
| P2 | |||
| 21.92 | |||
| 22.31 | |||
| 22.17 | |||
| P3 | |||
| 22.82 | |||
| 23.27 | |||
| 24.53 |
Long Term Trading Plans for DBX
February 25, 2021, 2:45 pm 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 22.17 with an upside target of 24.53. This data also tells us to set a stop loss @ 22.11 to protect against excessive loss in case the stock begins to move against the trade. 22.17 is the first level of support below 22.84 , and by rule, any test of support is a buy signal. In this case, support 22.17 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 24.53 with a downside target of 22.17. We should have a stop loss in place at 24.6though. 24.53 is the first level of resistance above 22.84, and by rule, any test of resistance is a short signal. In this case, if resistance 24.53 is being tested, a short signal would exist.