How the price action of Doordash Inc ($DASH) is used to our Advantage
September 16, 2023, 17:15 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DASH
- Buy DASH slightly over 79.15 target 87.77 stop loss @ 78.92 Details
The technical summary data tells us to buy DASH near 79.15 with an upside target of 87.77. This data also tells us to set a stop loss @ 78.92 to protect against excessive loss in case the stock begins to move against the trade. 79.15 is the first level of support below 80.93 , and by rule, any test of support is a buy signal. In this case, support 79.15 is being tested, a buy signal would exist.
- Short DASH slightly under 87.77, target 79.15, stop loss @ 88.02 Details
The technical summary data is suggesting a short of DASH as it gets near 87.77 with a downside target of 79.15. We should have a stop loss in place at 88.02though. 87.77 is the first level of resistance above 80.93, and by rule, any test of resistance is a short signal. In this case, if resistance 87.77 is being tested, a short signal would exist.
Swing Trading Plans for DASH
- Buy DASH slightly over 82.19, target 86.32, Stop Loss @ 81.95 Details
If 82.19 begins to break higher, the technical summary data tells us to buy DASH just slightly over 82.19, with an upside target of 86.32. The data also tells us to set a stop loss @ 81.95 in case the stock turns against the trade. 82.19 is the first level of resistance above 80.93, and by rule, any break above resistance is a buy signal. In this case, 82.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DASH slightly near 82.19, target 79.15, Stop Loss @ 82.43. Details
The technical summary data is suggesting a short of DASH if it tests 82.19 with a downside target of 79.15. We should have a stop loss in place at 82.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 82.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DASH
- Buy DASH slightly over 81.64, target 82.19, Stop Loss @ 81.45 Details
If 81.64 begins to break higher, the technical summary data tells us to buy DASH just slightly over 81.64, with an upside target of 82.19. The data also tells us to set a stop loss @ 81.45 in case the stock turns against the trade. 81.64 is the first level of resistance above 80.93, and by rule, any break above resistance is a buy signal. In this case, 81.64, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DASH slightly near 81.64, target 79.15, Stop Loss @ 81.83. Details
The technical summary data is suggesting a short of DASH if it tests 81.64 with a downside target of 79.15. We should have a stop loss in place at 81.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 81.64, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Doordash Inc (DASH) available here: DASH.
DASH Ratings for September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
71.31 |
| P2 |
81.64 |
82.19 |
79.15 |
| P3 |
83.58 |
86.32 |
87.77 |
AI Generated Signals for DASH
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Doordash Inc (NASDAQ: DASH) data table below can help you with price action, and we have more details too. Trading plans for DASH are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DASH:
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