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...
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.
50% Fibonacci saved several times the bulls, but the bears will not give up.
Expectations?
Breakout of the 50% Fibonacci and new lows around $21.50
Dropbox, Inc is a collaboration platform that’s transforming the way people and teams work together. It offers the following products: Dropbox Basic, Plus, Professional, and Business. The Dropbox Basic is the simple,...
Dropbox (DBX) trade
Hi everybody, Lazy Bull here of Save & Invest,
let's start this 2022 business, which will bring numerous innovations for those who follow me, with a limit order that I had in the market for some time, executed yesterday after the third consecutive reversal of the S & P500.
My trade, you can see from the screen, was $ 22.77, the low of the day...
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...
Thursday, 25 November 2021
11:40 AM (WIB)
Dropbox has good opportunity for buyers to invest funds on long term transactions with 200 days around and reach 38% ROI. Is it worth it? 38% for 200 days?
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
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.
Traders, Dropbox (DX) can fall from the current levels as it has reached an FCP zone and is forming a wedge as well. However there is an inverse head and shoulders pattern which can play out in the longer term. A break out above the this zone can take Dropbox to the next FCP zone above.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never...
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...
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...
