The Hourly View for DAR
Currently, DAR (Get Ratings)’s price is down $-0.79 (-1.07%) from the hour prior. This is the 2nd hour in a row DAR has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Out of Food Products stocks, DAR ranks 52nd in regards to today’s price percentage change.
DAR’s Technical Outlook on the Daily Chart
At the time of this writing, DAR’s price is down $-1.32 (-1.77%) from the day prior. The daily chart shows that DAR has seen 3 straight down days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. Of note is that the 50 day changed directions on DAR; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Darling Ingredients Inc’s price action over the past 90 days can be seen via the chart below.
For DAR News Traders
News traders keeping an eye on DAR may find value in this recent story:
Darling Ingredients Inc. (NYSE: DAR) (the “Company”) today announced that management will participate in the upcoming conference.
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