When (DBX) Moves Investors should Listen
January 15, 2024, 18:08 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DBX
- Buy DBX slightly over 29.52 target 31.74 stop loss @ 29.43 Details
The technical summary data tells us to buy DBX near 29.52 with an upside target of 31.74. This data also tells us to set a stop loss @ 29.43 to protect against excessive loss in case the stock begins to move against the trade. 29.52 is the first level of support below 31.57 , and by rule, any test of support is a buy signal. In this case, support 29.52 is being tested, a buy signal would exist.
- Short DBX slightly under 31.74, target 29.52, stop loss @ 31.83 Details
The technical summary data is suggesting a short of DBX as it gets near 31.74 with a downside target of 29.52. We should have a stop loss in place at 31.83though. 31.74 is the first level of resistance above 31.57, and by rule, any test of resistance is a short signal. In this case, if resistance 31.74 is being tested, a short signal would exist.
Swing Trading Plans for DBX
- Buy DBX slightly over 31.74, target n/a, Stop Loss @ 31.65 Details
If 31.74 begins to break higher, the technical summary data tells us to buy DBX just slightly over 31.74, with an upside target of n/a. The data also tells us to set a stop loss @ 31.65 in case the stock turns against the trade. 31.74 is the first level of resistance above 31.57, and by rule, any break above resistance is a buy signal. In this case, 31.74, 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 DBX slightly near 31.74, target 31.05, Stop Loss @ 31.83. Details
The technical summary data is suggesting a short of DBX if it tests 31.74 with a downside target of 31.05. We should have a stop loss in place at 31.83 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, 31.74, 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 DBX
- Buy DBX slightly over 31.74, target n/a, Stop Loss @ 31.67 Details
If 31.74 begins to break higher, the technical summary data tells us to buy DBX just slightly over 31.74, with an upside target of n/a. The data also tells us to set a stop loss @ 31.67 in case the stock turns against the trade. 31.74 is the first level of resistance above 31.57, and by rule, any break above resistance is a buy signal. In this case, 31.74, 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 DBX slightly near 31.74, target 31.1, Stop Loss @ 31.81. Details
The technical summary data is suggesting a short of DBX if it tests 31.74 with a downside target of 31.1. We should have a stop loss in place at 31.81 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, 31.74, 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 Dropbox Inc (DBX) available here: DBX.
DBX Ratings for January 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
27.29 |
| P2 |
31.1 |
29.54 |
29.52 |
| P3 |
31.61 |
31.05 |
31.74 |
AI Generated Signals for DBX
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Dropbox Inc (NYSE: DBX) report below is a real world example. Included are trading plans for DBX, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DBX:
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