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 DBX
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Red day on Wednesday for Dropbox Inc. Class A stock after losing 0.0409%
(Updated on Mar 27, 2024)

Hold candidate since Mar 19, 2024 Loss -0.37% PDF

The Dropbox Inc. Class A stock price fell by -0.0409% on the last day (Wednesday, 27th Mar 2024) from $24.45 to $24.44. During the last trading day the stock fluctuated 1.72% from a day low at $24.19 to a day high of $24.60. The price has fallen in 6 of the last 10 days but is still up by 1.71% over the past 2 weeks. Volume has increased on the last day by 703 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $90.05 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.31% during the next 3 months and, with a 90% probability hold a price between $14.57 and $21.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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DBX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 5.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dropbox Inc. Class A 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 $25.78. On a fall, the stock will find some support from the short-term average at $24.41. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Dropbox Inc. Class A stock

Dropbox Inc. Class A finds support from accumulated volume at $24.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.415 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 1.49%.

Our recommended stop-loss: $23.34 (-4.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (DBX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dropbox Inc. Class A to open at $24.41, and during the day (based on 14 day Average True Range), to move between $23.86 and $25.02, which gives a possible trading interval of +/-$0.579 (+/-2.37%) up or down from last closing price. If Dropbox Inc. Class A takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.46 (0.08%) than the support at $24.23 (0.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Dropbox Inc. Class A stock A Buy?

Dropbox Inc. Class A holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.099 Hold/Accumulate Unchanged

Predicted Opening Price for Dropbox Inc. Class A of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$24.41 ( 0.130%) $24.44

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

Trading levels for DBX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.82 1.57 %
R2 24.66 0.92 %
R1 24.57 0.519 %
Current price: 24.44
Support S1 24.25 -0.778 %
S2 24.15 -1.18 %
S3 23.99 -1.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.08 2.62 %
R2 24.53 0.368 %
R1 24.46 0.0818 %
Current price 24.44
Support S1 24.23 -0.86%
S2 23.82 -2.54%
S3 23.50 -3.85%

FAQ

What is the symbol for Dropbox Inc. Class A Stock and on which exchange is it traded?
The symbol for Dropbox Inc. Class A is DBX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Dropbox Inc. Class A Stock?
Dropbox Inc. Class A holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Dropbox Inc. Class A Stock?
As of the end of day on the 2024-03-27, the price of an Dropbox Inc. Class A (DBX) share was $24.44.

What is the 52-week high and low for Dropbox Inc. Class A Stock?
The 52-week high for Dropbox Inc. Class A Stock is $33.43 and the 52-week low is $19.55.

What is the market capitalization of Dropbox Inc. Class A Stock?
As of the 2024-03-27, the market capitalization of Dropbox Inc. Class A is 8.409B.

When is the next earnings date for Dropbox Inc. Class A?
The upcoming earnings date for Dropbox Inc. Class A is May 02, 2024.
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About Dropbox Inc. Class A

Dropbox. Class A Dropbox, Inc. provides a content collaboration platform worldwide. Its platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2021, the company had approximately 700 million registered users. It serves customers in professional services, technology, media, education, industrial, consumer ... DBX Profile

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