Learn to Evaluate Doordash Inc ($DASH) using the Charts
March 07, 2023, 06:15 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DASH
- Buy DASH slightly over 44.71 target 58.20 stop loss @ 44.58 Details
The technical summary data tells us to buy DASH near 44.71 with an upside target of 58.20. This data also tells us to set a stop loss @ 44.58 to protect against excessive loss in case the stock begins to move against the trade. 44.71 is the first level of support below 56.3 , and by rule, any test of support is a buy signal. In this case, support 44.71 is being tested, a buy signal would exist.
- Short DASH slightly under 58.20, target 44.71, stop loss @ 58.37 Details
The technical summary data is suggesting a short of DASH as it gets near 58.20 with a downside target of 44.71. We should have a stop loss in place at 58.37though. 58.20 is the first level of resistance above 56.3, and by rule, any test of resistance is a short signal. In this case, if resistance 58.20 is being tested, a short signal would exist.
Swing Trading Plans for DASH
- Buy DASH slightly over 58.20, target n/a, Stop Loss @ 58.03 Details
If 58.20 begins to break higher, the technical summary data tells us to buy DASH just slightly over 58.20, with an upside target of n/a. The data also tells us to set a stop loss @ 58.03 in case the stock turns against the trade. 58.20 is the first level of resistance above 56.3, and by rule, any break above resistance is a buy signal. In this case, 58.20, 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 58.20, target 55.98, Stop Loss @ 58.37. Details
The technical summary data is suggesting a short of DASH if it tests 58.20 with a downside target of 55.98. We should have a stop loss in place at 58.37 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, 58.20, 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 57.51, target 58.20, Stop Loss @ 57.38 Details
If 57.51 begins to break higher, the technical summary data tells us to buy DASH just slightly over 57.51, with an upside target of 58.20. The data also tells us to set a stop loss @ 57.38 in case the stock turns against the trade. 57.51 is the first level of resistance above 56.3, and by rule, any break above resistance is a buy signal. In this case, 57.51, 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 57.51, target 55.98, Stop Loss @ 57.64. Details
The technical summary data is suggesting a short of DASH if it tests 57.51 with a downside target of 55.98. We should have a stop loss in place at 57.64 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, 57.51, 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 March 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
32.44 |
| P2 |
55.87 |
49.26 |
44.71 |
| P3 |
57.51 |
55.98 |
58.20 |
AI Generated Signals for DASH
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Doordash Inc (NASDAQ: DASH) report below can help you understand how to do this. The trading plans for DASH, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DASH:
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