Dropbox Inc (DBX): Price Now Near $25.5; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for DBX

Currently, DBX (Get Ratings)’s price is down $-0.04 (-0.18%) from the hour prior. This is the 3rd hour in a row DBX has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly 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.

DBX ranks 225th in terms of today’s price percentage change out of Business Services stocks.

DBX’s Technical Outlook on the Daily Chart

At the moment, DBX’s price is down $-0.16 (-0.64%) from the day prior. DBX has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily 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. The chart below shows DBX’s price action over the past 90 days.

DBX

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