$DRI with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:DRI after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
DDN trade ideas
$DRI | Channel BreakoutJust some notes im sharing. I do not know this stock well, but so far it is respecting projections.
Ideally we need a pullback to enter long
$DRI Bullish Pennant??NYSE:DRI looks to be bouncing off support around $144 and the highs of $175. Currently, it is turning up below value at the current moment. Currently above the 200-EMA
Darden Faces Dining Divide: Lower-Income Consumers Pull Back Darden Restaurants ( NYSE:DRI ), the parent company of popular chains like Olive Garden and LongHorn Steakhouse, is experiencing a shift in consumer behavior that reflects broader economic trends. While lower-income customers are cutting back on dining out, wealthier diners are showing an increased appetite for restaurant meals.
CEO Rick Cardenas revealed that diners earning below $75,000, particularly those below $50,000, are noticeably reducing their visits across Darden's brands. This trend, attributed to an "ongoing" shift, is most evident in the company's fine-dining segment, marking a return to pre-pandemic consumer patterns.
However, there's a silver lining for Darden ( NYSE:DRI ) as affluent customers demonstrate a willingness to dine out more frequently. At LongHorn Steakhouse, for instance, higher-earning patrons are not only visiting more often but also spending more per visit. This disparity in consumer behavior underscores a widening dining divide influenced by income levels.
Despite facing headwinds in certain regions like Texas and California, Darden ( NYSE:DRI ) remains resilient. The company has adapted its strategy by scaling back on deep discounting and heavy promotions, instead focusing on marketing efforts and brand equity building. This shift signals a departure from pre-pandemic tactics and a commitment to long-term pricing strategies.
While same-restaurant sales experienced a slight decline across Darden's brands, Olive Garden and LongHorn Steakhouse still showcased resilience. Despite a drop in foot traffic, both brands saw an increase in average check size, indicating a balancing act between consumer spending habits and dining preferences.
Technical Outlook
The price of DRI shares has decreased $11.34 since the market last closed on Thursday, March 21. This is a 6.50% drop. but a Revival might be possible for NYSE:DRI which is up by 0.47% on Friday morning trading. NYSE:DRI has a Relative Strength Index (RSI) of 38 indicating selling pressure on the ticker.
Fast Food and Dining Stocks: Macro Fib SchematicsThese Fast Food Giants consist of McDonalds, Starbucks, YUM! Brands, Restaurant Brands Inc, Chipotle, Wendys, Darden Restaurants, Brinker International...
All Fibonacci Clusters are placed correctly. The 1 Month timeframe makes these charts realistic.
DRIDarden Restaurants is the premier full-service dining company, operating over 1800 locations.
Potential swing long.
Long on DardenNYSE:DRI
Retail spending is up, and you know what is anchored adjacent to retail spaces? Darden. Looks like a great price to get in, undervalued.
DRI Darden Restaurants Options Ahead of EarningsIf you haven`t sold DRI here:
Then analyzing the options chain and the chart patterns of DRI Darden Restaurants prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $4.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$DRI forming a double topex div on 7th friday and the insiders also sold the shares its time for a down trend and looks like dri forming a double top if neckline break and confirm then 150 is target
DRI Darden Restaurants Options Ahead of EarningsAnalyzing the options chain of DRI Darden Restaurants prior to the earnings report this week,
I would consider purchasing the 160usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $2.67.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$DRI with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $DRI after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 55.56%.
DARDEN RESTAURANTS short bearish trend to expect
Hi viewers, DRI price on zone, tech. side strong short bearish trend to expect
TP1:140
TP2:137
DRI Bullish Price tested the 50 SMA recently which also coincides with former resistance on the weekly at $144.
The recent close above the .78 Fibonacci level with eleveated volume is bullish, as is the cross of D+ over D- on the ADX which is also rising.
The MACD is setting up for a cross and the RSI is crossing its 14 day MA.
OBV confirms the trend.
Target: $157.46
Stop: $139.9 (just under support, approx 1.5x ATR)
$DRI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DRI after a Negative over reaction following its earnings release placing the stock in drift C.
DRI High Pobability Buy SignalDear investors,
According To my analysis of Darden Restaurats, Inc Shares (DRI), there's a high probability of an increase next year toward the levels of 160.00$ that we have seen before in 2021.
$DRI with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $DRI after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 82.86%.
Head and ShouldersH&S pattern and price is below the neckline.
A bullish AB=CD pattern seems to have helped DRI out as well as the 38% retracement of the impulse wave up.
Price is under the 50. The 20 appears to be acting as support recently.
No recommendation.
Short is around 4.25%
$DRI Chart Breaking DownWhale opened 500 JAN 100 puts and upon checking, noticed this chart looks pretty bearish IMO.
I'm swinging JUN 100 puts tight stop as I'm looking for a quick flush now that support has been breached. Any squeeze up is a better entry to short IMO, this chart is pretty ugly.
Gap Fill below is target in the short term at 103.16
11/4/2022 NYSE (DRI)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $125.91
Target Price: $123.27
Stop Loss: $128.55
12/4/2022 NYSE (DRI)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $126.28
Target Price: $123.25
Stop Loss: $129.46
$DRI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DRI after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
