DOORDASH INC. CLASS A - Daily - Technical analysis published on 02/21/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
DOORDASH INC. CLASS A Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 58.54 USD
My targets
63.42 USD (+5.96%)
68.70 USD (+14.79%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 58.54 USD remains possible. It is advisable to trade DOORDASH INC. CLASS A with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 58.54 USD. The next bullish objective for buyers is set at 63.42 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 68.70 USD. If there is any crossing, the next objective would be the resistance located at 73.83 USD. PS: if there is a bearish break in the support located at 58.54 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2
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 Aurian.
Additional analysis
Quotes
The DOORDASH INC. CLASS A price is 59.85 USD. The price registered a decrease of -3.17% on the session and was between 58.62 USD and 60.86 USD. This implies that the price is at +2.10% from its lowest and at -1.66% from its highest.58.62
60.86
59.85
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DOORDASH INC. CLASS A in Daily shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish doji star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.88 | 52.76 | 58.54 | 59.85 | 63.42 | 68.70 | 73.83 |
| Change (%) | -21.67% | -11.85% | -2.19% | - | +5.96% | +14.79% | +23.36% |
| Change | -12.97 | -7.09 | -1.31 | - | +3.57 | +8.85 | +13.98 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.51 | 54.46 | 58.14 | 64.09 | 67.77 | 73.72 | 77.40 |
| Camarilla | 59.16 | 60.05 | 60.93 | 61.81 | 62.69 | 63.58 | 64.46 |
| Woodie | 47.37 | 53.89 | 57.00 | 63.52 | 66.63 | 73.15 | 76.26 |
| Fibonacci | 54.46 | 58.14 | 60.42 | 64.09 | 67.77 | 70.05 | 73.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.45 | 50.45 | 56.13 | 63.13 | 68.81 | 75.81 | 81.49 |
| Camarilla | 58.32 | 59.49 | 60.65 | 61.81 | 62.97 | 64.14 | 65.30 |
| Woodie | 42.79 | 50.12 | 55.47 | 62.80 | 68.15 | 75.48 | 80.83 |
| Fibonacci | 50.45 | 55.29 | 58.29 | 63.13 | 67.97 | 70.97 | 75.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.43 | 39.18 | 48.55 | 55.30 | 64.67 | 71.42 | 80.79 |
| Camarilla | 53.49 | 54.97 | 56.44 | 57.92 | 59.40 | 60.88 | 62.35 |
| Woodie | 33.74 | 39.84 | 49.86 | 55.96 | 65.98 | 72.08 | 82.10 |
| Fibonacci | 39.18 | 45.34 | 49.14 | 55.30 | 61.46 | 65.26 | 71.42 |
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): | 51.38 | |
| MACD (12,26,9): | 2.1500 | |
| Directional Movement: | 8.86 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 63.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 58.05 | |
| Elder Ray (13): | -1.69 | |
| Super Trend (3,10): | 56.04 | |
| Zig ZAG (10): | 59.79 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 48.64 | |
| TEMA (21): | 63.87 | |
| Williams %R (14): | -72.59 | |
| Chande Momentum Oscillator (20): | -3.83 | |
| Repulse (5,40,3): | -7.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5900 | |
| Courbe Coppock: | 13.21 |
| MA7: | 62.20 | |
| MA20: | 60.52 | |
| MA50: | 55.63 | |
| MA100: | 53.61 | |
| MAexp7: | 62.24 | |
| MAexp20: | 60.33 | |
| MAexp50: | 57.42 | |
| MAexp100: | 57.77 | |
| Price / MA7: | -3.78% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | +7.59% | |
| Price / MA100: | +11.64% | |
| Price / MAexp7: | -3.84% | |
| Price / MAexp20: | -0.80% | |
| Price / MAexp50: | +4.23% | |
| Price / MAexp100: | +3.60% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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