RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DRI
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Green day on Thursday for Darden Restaurants Inc stock after gaining 0.108%
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Gain 2.23% PDF

The Darden Restaurants Inc stock price gained 0.108% on the last trading day (Thursday, 28th Mar 2024), rising from $166.97 to $167.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.569% from a day low at $166.94 to a day high of $167.89. The price has risen in 8 of the last 10 days but is still down by -2.69% for this period. Volume fell on the last day by -408 thousand shares and in total, 710 thousand shares were bought and sold for approximately $118.66 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.19% during the next 3 months and, with a 90% probability hold a price between $175.04 and $191.92 at the end of this 3-month period.

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DRI Signals & Forecast

There are mixed signals in the stock today. The Darden Restaurants Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $168.93. On a fall, the stock will find some support from the short-term average at $166.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 2.74%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Darden Restaurants Inc stock

Darden Restaurants Inc finds support from accumulated volume at $165.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.95 (0.569%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DRI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Darden Restaurants Inc to open at $167.33, and during the day (based on 14 day Average True Range), to move between $164.06 and $170.24, which gives a possible trading interval of +/-$3.09 (+/-1.85%) up or down from last closing price. If Darden Restaurants Inc takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $165.11 (1.22%) than the resistance at $171.96 (2.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Darden Restaurants Inc stock A Buy?

Darden Restaurants Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.841 Sell Candidate Unchanged

Predicted Opening Price for Darden Restaurants Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$167.33 ( 0.106%) $167.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DRI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 168.28 0.674 %
R2 167.91 0.457 %
R1 167.69 0.323 %
Current price: 167.15
Support S1 166.96 -0.111 %
S2 166.74 -0.246 %
S3 166.38 -0.463 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 174.58 4.45 %
R2 174.05 4.13 %
R1 171.96 2.88 %
Current price 167.15
Support S1 165.11 -1.22%
S2 163.24 -2.34%
S3 161.66 -3.28%

DRI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Apr 09, 2024 May 01, 2024 $1.31 0.784%
2 Dec 15, 2023 Jan 09, 2024 Feb 01, 2024 $1.31 0.783%
3 Sep 21, 2023 Oct 06, 2023 Nov 01, 2023 $1.31 0.90%
4 Jun 22, 2023 Jul 10, 2023 Aug 01, 2023 $1.31 0.787%
5 Jun 22, 2023 Jul 07, 2023 Aug 01, 2023 $1.31 0.787%

FAQ

What is the symbol for Darden Restaurants Inc Stock and on which exchange is it traded?
The symbol for Darden Restaurants Inc is DRI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Darden Restaurants Inc Stock?
Darden Restaurants Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Darden Restaurants Inc Stock?
Darden Restaurants Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Darden Restaurants Inc Stock.

What's the current price of Darden Restaurants Inc Stock?
As of the end of day on the 2024-03-28, the price of an Darden Restaurants Inc (DRI) share was $167.15.

What is the 52-week high and low for Darden Restaurants Inc Stock?
The 52-week high for Darden Restaurants Inc Stock is $176.84 and the 52-week low is $133.36.

What is the market capitalization of Darden Restaurants Inc Stock?
As of the 2024-03-28, the market capitalization of Darden Restaurants Inc is 19.96B.

When is the next earnings date for Darden Restaurants Inc?
The upcoming earnings date for Darden Restaurants Inc is Jun 27, 2024.
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About Darden Restaurants Inc

Darden Restaurants Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 30, 2021, it owned and operated 1,834 restaurants, which included 875 under the Olive Garden, 533 under the LongHorn Steakhouse, 170 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 63 under The Capital Grille, 44 under the Seasons 52, 42 under the Bahama Breeze, and 26 under the Eddie V's Prime Se... DRI Profile

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