Investor Alert

March 25, 2021, 10:39 a.m. EDT

Using the Action in Dropbox Inc. Class A Common Stock $DBX to our Advantage

Mar 25, 2021 (Stock Traders Daily via COMTEX) -- Our job as investors is to pay attention to the stocks we own. Part of that involves looking at the fundamentals, but half of the disclosure comes from looking at price action. The Dropbox Inc. Class A Common Stock (NAS:DBX) data table below can help you with price action, and we have more details too. Trading plans for DBX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

Bias Weak Strong Strong
P1 0 0 20.63
P2 26.93 27.12 23.06
P3 27.66 28.99 25.69

The Technical Summary and Trading Plans for DBX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DBX Report.

The technical summary data tells us to buy DBX near 25.69, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 25.62 to protect against excessive loss in case the stock begins to move against the trade. 25.69 is the first level of support below 26.355, and by rule, any test of support is a buy signal. In this case, if support 25.69 is being tested, a buy signal would exist.

There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.


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