Dropbox ( NASDAQ:DBX ), a cloud storage and e-signature company, reported Q1 earnings results in line with analysts' expectations, with revenue up 3.3% year on year to $631.3 million. The company made a non-GAAP profit of $0.58 per share, improving from its $0.42 per share in the same quarter last year. Dropbox's gross margin (GAAP) was 83.2%, up from 80.9% in the...
Dropbox ( NASDAQ:DBX ) experienced a sharp decline in its stock price, plummeting more than 20% following its latest financial report and guidance. Several analysts have downgraded the cloud storage provider, citing concerns over its growth prospects and revenue outlook for 2024. The company's failure to meet revenue estimates has raised red flags among investors...
Dropbox Inc. (NASDAQ: NASDAQ:DBX ) has been turning heads in the financial markets, capturing the attention of investors and analysts alike. Thomas Blakey, an analyst at Keybanc, recently affirmed his bullish sentiment towards NASDAQ:DBX , raising the price target to $37 from $32 and assigning an Overweight rating. This positive outlook is underlined by ...
Dropbox - 24h expiry - We look to Sell at 22.14 (stop at 22.94) Expect trading to remain mixed and volatile. Previous support at 22.00 now becomes resistance. The medium term bias is neutral. 22.33 has been pivotal. Preferred trade is to sell into rallies. Price action has resulted in a bearish candle after the previous swing high found selling interest at...
Dropbox - 30d expiry - We look to Sell at 22.14 (stop at 22.94) Expect trading to remain mixed and volatile. Previous support at 22.00 now becomes resistance. The medium term bias is neutral. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 20.14 and 19.74 Resistance: 20.80 / 21.50 / 22.20 Support:...
On Thursday the cloud-based data storage company reported fiscal fourth-quarter results that exceeded Wall Street analysts forecasts, and it topped $2 billion in annual sales. The reported Q3 EPS of $0.43, $0.05 better than the analyst estimates of $0.38. Revenue for the quarter came in at $591 million versus the consensus estimate of $586.15 million. The...
Dropbox Short Term - We look to Sell at 22.37 (stop at 23.10) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. A Fibonacci confluence area is located at 22.40. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit...
DBX 1D I DBX is breaking out from a possible bull flag on the daily after rumors that it was approached a month ago in attempts to be acquired by another company. LIT 1D I Energy stocks and lithium stocks in general have been overperforming the market for the past two weeks. Watching for a breakout from this downtrend. AMD 1D I AMD is forming a possible bear...
As you can see from the chart, Dropbox has formed a bearflag. Once price breaks down from the flag, I see price moving down quickly with a target of ~16 or potentially even $14.66. Let's see what happens over the coming weeks.
I tried to mark the waves and it is quite challenging to do it it for the uptrend. I declined a potential 5-waves move up as a diagonal, as wave iii is longer than wave i, although it fits within the narrowing trend lines (will paste in the update section below). As a working option, I arrived at the potential expanding leading diagonal, that has the potential...
Despite good earnings, Dropbox shares have lost about 20% from their August highs. The news points in one direction only: several hedge funds have liquidated their positions and often this results in concomitant openings of put options. There is nothing negative about the fundamental analysis. From a technical point of view, we are already on an interesting...
Signals : Entry price: 25,77 Target price: 32,62 Stop loss: 24,57 Indicators : Keltner channel - price moved down to the lower boundary of the channel. RSI reaches lower levels which suggests oversold conditions ADX is a little bit above the 20. -DI crossed over +DI and the space between them is wide. Conclusion : The entry price is at the support of one of the...
Forming large C&H on the two week time frame. Could see this dip a little more towards 24-25 range but overall, looks good and next wave up should take this higher towards 42ish range.
Today, we will share our view on DBX The main two key items we were paying attention was the first resistance zone and the ABC pattern on the edge of it. From there, we defined the next target based on previous situations, and 34.00 was the place where we saw clear rejections. Now we can think about the shape of the ascending movement, and we can use the...
DBX long, looking for 5th wave completion, looking to sell puts or premium collecting options set-up. steady crawl up to 1:1 fib at 30.77, trimming there, and then selling the rest at 1.272 fib extension confluence with trendline at 32.66. Daily:
-RSI divergence, significant bounce off trendline, upward sloping SMAs , sustained ranging and elliot behavior for DBX .
DBX setting up for a nice reversal through 26.50-26.60 after putting in a reversal last week. Earnings on May 6. 28 is a big macro level too.
- Trend Analysis - 📑Value: 10/20 📈Growth: 18/20 💰Profitability 16/20 🚀Momentum: 8/20 💸Earnings: 16/20 🖇️Total Score: 68/100 Data: Volume 4.10M Average Volume (3 months) 8.32M Previous Close $27.69 Open $27.46 Shares Outstanding 319.67M Technicals: ( Simple Moving Average ) 10D SMA $27.04 (-0.18%) 50D SMA $24.98 (+8.06%) 200D SMA $21.88...