DRI NYSE |
Darden Restaurants Inc • Restaurants |
Wed 26 Mar, close | |
Breakout tradeWATCH for possible breakout above 210.06
Target: 220.58, 6.3% Stop: 203.94 Loss: 1.7%
P/L ratio: 3.7 : 1 - Excellent
Breakout
Long
Short
At resistance with possible breakout and short trade entryDefault chart
Quote 207.45 +0.28,+0.1% L 205.99 O 208.25 H 209.03 Volume 941.8k -24.4% typical 52 Wk 138 to 208.6 Earnings recent Mar 20 pMkt Link PEG 2.6 P/E 23.4 Short 4.09%Div 2.72% EPS 8.86Mkt Cap 24.30B |
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Top ˄Wed 26 Mar, close
8 Month Detailed Chart
100%
At resistance with possible breakout and short trade entry
Scale +/-0(min) to 10(max)
QUOTE
207.45, +0.28 pts (+0.1%), Wed 26 Mar, close
flat from yesterday's close.
Today's
L 205.99 O 208.25 H 209.03Typical price range:
204.68 to
209.66 ± 2.49 pts, ± 1.2%
Extreme price range (85% of time)
202.19 to
212.15 ± 4.98 pts, ± 2.4%
VOLUME
941.8k shares, -24.4% compared to typical daily volume over the past 6 months.
Typical daily volume is 1.25mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 13.79 pts (6.6%) occurs 25% of the time.
Extreme: 17.92 pts (8.6%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BEARISH
[Positioning] Short term extreme rally, expect rally to pause/stop.
[Positioning] Overbought, odds favor short trades.
[Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
[Positioning] at resistance
[Timing] Mild bearish 3 day candlestick pattern with Strong 3 day distribution.
BULLISH
[Timing] breakout watch above 210.06, no resistance in area just above.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
flat (+0.28 pts, +0.1%) from yesterday's close.
SHORT TERM DIRECTION
extreme rally, expect rally to pause/stop.
OVERBOUGHT/SOLD
Overbought, odds favor short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
possibly bearish, Uptrend turned sideways, may continue or pullback.
SUPPORT/RESISTANCE
207.45, at resistance,
207.63 ± 2.49
type single,
strength 5
Support Below : -3.5% at
200.14 ± 2.4
type single,
strength 1
Resistance Above : None.
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Mild bearish 3 day candlestick pattern.
Strong 3 day distribution, occurs 20% of the time.
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Not significant bearish 1 day moneyflow,
BREAKOUT
WATCH for possible breakout above 210.06, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target:
220.58, 6.3% Stop: 203.94
Loss: 1.7%
P/L ratio: 3.7 : 1 - Excellent
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
207.45, at resistance,
207.63 ± 2.49
type single,
strength 5
SUPPORT BELOW
-3.5% at 200.14 ± 2.4 type single,
strength 1
-6.1% at 194.89 ± 2.34 type triple,
strength 7
-9.8% at 187.18 ± 2.25 type triple,
strength 10
...
RESISTANCE ABOVE
None.
0%
Trade Quality
Long
TARGET 1
Price:
199.07 Profit:
0% (Strong rally has exceeded Target 1)
Stop/Trailing Stop: 203.94 Loss: 1.7%
POTENTIAL
Excellent, there are 1 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 1 RESISTANCE
Current price at resistance:
207.63 ± 2.49
type single,
strength 5
+0% at 199.07 is Target 1
TARGET 2
Price:
203.15 Profit:
0% (Extreme rally has exceeded Target 2)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 210.06, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target:
220.58, 6.3% Stop: 203.94
Loss: 1.7%
P/L ratio: 3.7 : 1 - Excellent
90%
Trade Quality
Short
TARGET 1
Price:
192.16 Profit:
7.4% (Typical pullback)
Cover/Trailing Cover: 211.09 Loss: 1.8%
P/L Ratio: 4.1 : 1 - Excellent
POTENTIAL
Fair, there are 2 support areas on the way to Target 1.
The potential to reach targets may be lower with strong support areas.
TARGET 1 SUPPORT
-3.5% at
200.14 ± 2.4
type single,
strength 1
-6.1% at
194.89 ± 2.34
type triple,
strength 7
-7.4% at 192.16 is Target 1
TARGET 2
Price:
187.71 Profit:
9.5% P/L Ratio: 5.3 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.