Dropbox gained a major multi year resistance zone!The higher low in november 2020 showed a break in market structure from a long downtrend since mid 2018. A higher high followed in december 2020 which was the first confirmation for a trend reversal. The next higher high en higher low fully comfirmed an up trend, which is still going strong and recently gained a multi year weekly resistance zone , which is a very probable new support zone to retrace to for the next higher low, and also a point of possible entry between 26 and 27 $. When the weekly supply zone around 31.3 and 32.3 $ is flipped the ATH will probably be challanged
The analysis above is not financial advice by any means, it's purpose is merely providing educational value tho those who are interested in learing about technical analysis
DBX trade ideas
$DBX Bottomed? (Updated Trend Lines)
$DBX I'm trading this as a rebound from a bottom basing play. You can see my logic on the chart. $DBX also beat on earnings however, it was not a big beat. We'll see what happens. It should be able to run the the first resistance line for a small profit. But I'm hoping it can bust thru there, at which point I may add, and it could go up to the next upward trend line and be in "character." It is also possible to reach the highest trend line. All TBD. Ideas, not investing / trading advice.
from earningswhispers.com
Dropbox Beats
Dropbox ( DBX ) reported 1st Quarter March 2021 earnings of $0.37 per share on revenue of $511.6 million. The consensus earnings estimate was $0.30 per share on revenue of $505.2 million. The Earnings Whisper number was $0.33 per share. Revenue grew 12.4% on a year-over-year basis.
The company said during its conference call it expects second quarter revenue of $522.0 million to $525.0 million and now expects 2021 revenue of $2.118 billion to $2.13 billion. The company's previous guidance was 2021 revenue of $2.095 billion to $2.115 billion. The current consensus revenue estimate is $517.65 million for the quarter ending June 30, 2021 and revenue of $2.11 billion for the year ending December 31, 2021.
Dropbox is one place to keep life organized and keep work moving.
$DBX Bottomed?$DBX I'm trading this as a rebound from a bottom basing play. You can see my logic on the chart. $DBX did also beat on earnings however, it was not a big beat. We'll see what happens. It should be able to run the the first resistance line for a small profit. But I'm hoping it can bust thru there, at which point I may add, and it could go up to the upward trend line and be in "character." All TBD Ideas, not investing / trading advice.
from earningswhispers.com
Dropbox Beats
Dropbox (DBX) reported 1st Quarter March 2021 earnings of $0.37 per share on revenue of $511.6 million. The consensus earnings estimate was $0.30 per share on revenue of $505.2 million. The Earnings Whisper number was $0.33 per share. Revenue grew 12.4% on a year-over-year basis.
The company said during its conference call it expects second quarter revenue of $522.0 million to $525.0 million and now expects 2021 revenue of $2.118 billion to $2.13 billion. The company's previous guidance was 2021 revenue of $2.095 billion to $2.115 billion. The current consensus revenue estimate is $517.65 million for the quarter ending June 30, 2021 and revenue of $2.11 billion for the year ending December 31, 2021.
Dropbox is one place to keep life organized and keep work moving.
Possible downtrend reversal(Work in progress)
After rejecting support at 25.20 the price broke the secondary uptrend line and price is now below EMA 50.
1) Bullish hammer candle, possible downtrend reversal at 25.00 - 24.45 and bounce until price reaches around 29.00
2) but if price falls below, then is a bearish continuation and price will test at 23.66, close to the EMA 200. Price could bounce from this level, initializing a new secondary bull trend.
Dropbox is in the buy zone It is touching its 55 EMA on a daily candle timeframe.
It is at a point that served as resistance on February 8 and which subsequently functioned as support on 2 occasions, so it could be considered a strong reaction zone.
It has been in an uptrend since November 2 of last year, a continuation could serve to send prices to new all-time highs.
The money flow indicator double bottomed between April 21 and 29 and then began to rise (a situation that is not yet reflected in the price).
NASDAQ:DBX
DBX Stock 10/04/21 Analysis 4H Chart- 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 (+23.38%)
Market Cap $11.16B
Total Debt $1.12B
Cash $1.12B
Enterprise Value $11.15B
Revenue $1.01B
Gross Profit $1.50B
Net Income -$256.30M
EPS Diluted -$0.62
Free Cash Flow / Share $1.18