DRI closes within prior day's range
Darden Restaurants (DRI) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
DRI finished the week 0.54% higher at 109.47 after edging higher $0.05 (0.05%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (DRI as at Aug 10, 2018):
Friday's trading range was $2.24 (2.07%), that's above last trading month's daily average range of $1.96. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to the key resistance level at 110.55.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could speed up should prices move above the nearby swing high at 110.88 where further buy stops might get triggered. With prices trading close to this year's high at 112.81, upside momentum could accelerate should the market be able to break out to new highs for the year.