Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance. Since the stock is closer to the support from accumulated volume at $21.70 (0.23%) Class A takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$0.624 (+/-2.87%) up or down from last closing price. Class A to open at $21.78, and during the day (based on 14 day Average True Range), Trading Expectations For The Upcoming Trading Day Of Tuesday 1stįor the upcoming trading day on Tuesday, 1st we expect Dropbox Inc. There is a buy signal from a pivot bottom found 25 days ago.) (This stock has medium daily movements and this gives medium risk. For the last week, the stock has had daily average volatility of 2.38%. During the last day, the stock moved $0.260 between high and low, or 1.20%.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. Class A finds support from accumulated volume at $21.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This may be an early warning and the stock should be followed more closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Monday, September 26, 2022, and so far it has risen 8.80%. A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $21.72 and $21.12. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. Class A stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock.

Dropbox stock prediction 2021