Digital Realty Trust Inc (DLR): Price Now Near $140.7; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for DLR

Currently, DLR (Get Ratings)’s price is up $1.41 (1.01%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. 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.

DLR’s Technical Outlook on the Daily Chart

Currently, DLR’s price is down $-0.75 (-0.53%) from the day prior. The daily chart shows that DLR has seen 2 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. 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. The chart below shows DLR’s price action over the past 90 days.


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