Dropbox Inc (DBX): Price Up $0.71 (2.3)% Over Past Day, Up $0.34 (1.09)% Over Past Hour

The Hourly View for DBX

Currently, DBX (Get Ratings)’s price is up $0.34 (1.09%) from the hour prior. The hourly chart shows that DBX has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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.

Out of Business Services stocks, DBX ranks 120th in regards to today’s price percentage change.

DBX’s Technical Outlook on the Daily Chart

Currently, DBX’s price is up $0.71 (2.3%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 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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DBX: Daily RSI Analysis

  • DBX’s RSI now stands at 91.0256.
  • DBX and RSI may be exhibiting divergent trends. This may be something to monitor.

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