DARDEN RESTAURANTS INC. - Daily - Technical analysis published on 09/25/2019 (GMT)
- 266
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 119.38 USD
My targets
114.91 USD (-3.18%)
108.90 USD (-8.25%)
My analysis
The strong short-term decline of DARDEN RESTAURANTS INC. reinforces the current slightly bearish trend. As long as the price remains below 119.38 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 114.91 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 108.90 USD as an objective. Crossing it would then enable sellers to target 104.93 USD. A return to above 119.38 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
4.5
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 DARDEN RESTAURANTS INC. price is 118.69 USD. The price has increased by +0.74% since the last closing and was between 117.71 USD and 118.97 USD. This implies that the price is at +0.83% from its lowest and at -0.24% from its highest.117.71
118.97
118.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DARDEN RESTAURANTS INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DARDEN RESTAURANTS INC. chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 104.93 | 108.90 | 114.91 | 118.69 | 119.38 | 126.62 |
| Change (%) | -11.59% | -8.25% | -3.18% | - | +0.58% | +6.68% |
| Change | -13.76 | -9.79 | -3.78 | - | +0.69 | +7.93 |
| Level | Minor | Intermediate | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.67 | 115.03 | 116.42 | 118.78 | 120.17 | 122.53 | 123.92 |
| Camarilla | 116.79 | 117.13 | 117.48 | 117.82 | 118.16 | 118.51 | 118.85 |
| Woodie | 112.20 | 114.79 | 115.95 | 118.54 | 119.70 | 122.29 | 123.45 |
| Fibonacci | 115.03 | 116.46 | 117.34 | 118.78 | 120.21 | 121.09 | 122.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.52 | 113.29 | 116.54 | 122.31 | 125.56 | 131.33 | 134.58 |
| Camarilla | 117.32 | 118.15 | 118.97 | 119.80 | 120.63 | 121.45 | 122.28 |
| Woodie | 106.27 | 112.66 | 115.29 | 121.68 | 124.31 | 130.70 | 133.33 |
| Fibonacci | 113.29 | 116.73 | 118.86 | 122.31 | 125.75 | 127.88 | 131.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.53 | 110.59 | 115.78 | 119.84 | 125.03 | 129.09 | 134.28 |
| Camarilla | 118.44 | 119.28 | 120.13 | 120.98 | 121.83 | 122.68 | 123.52 |
| Woodie | 107.11 | 110.87 | 116.36 | 120.12 | 125.61 | 129.37 | 134.86 |
| Fibonacci | 110.59 | 114.12 | 116.30 | 119.84 | 123.37 | 125.55 | 129.09 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.83 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -8.98 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 122.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 126.52 | |
| Elder Ray (13): | -3.61 | |
| Super Trend (3,10): | 126.24 | |
| Zig ZAG (10): | 118.65 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 7.68 | |
| TEMA (21): | 121.20 | |
| Williams %R (14): | -87.94 | |
| Chande Momentum Oscillator (20): | -8.86 | |
| Repulse (5,40,3): | -2.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.52 |
| MA7: | 121.32 | |
| MA20: | 123.27 | |
| MA50: | 122.09 | |
| MA100: | 120.90 | |
| MAexp7: | 120.68 | |
| MAexp20: | 122.27 | |
| MAexp50: | 121.87 | |
| MAexp100: | 120.27 | |
| Price / MA7: | -2.17% | |
| Price / MA20: | -3.72% | |
| Price / MA50: | -2.78% | |
| Price / MA100: | -1.83% | |
| Price / MAexp7: | -1.65% | |
| Price / MAexp20: | -2.93% | |
| Price / MAexp50: | -2.61% | |
| Price / MAexp100: | -1.31% |
News
The last news published on DARDEN RESTAURANTS INC. at the time of the generation of this analysis was as follows:
- Darden Restaurants Reports Fiscal 2020 First Quarter Results; Declares Regular Quarterly Dividend; Authorizes New $500 Million Share Repurchase Program; And Reaffirms Financial Outlook For The Full Fiscal Year
- Darden Restaurants To Host Fiscal 2020 First Quarter Conference Call On September 19
- Darden Restaurants Reports Fiscal 2019 Fourth Quarter and Full Year Results; Increases Quarterly Dividend 17% to $0.88; And Provides Fiscal 2020 Outlook
- Darden Restaurants To Host fiscal 2019 Fourth Quarter Conference Call On June 20
- Darden Restaurants Announces Animal Welfare Policy Founded On Improvements In Welfare Outcomes
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DARDEN RESTAURANTS INC. - Daily