Darden Restaurants (DRI): Shares Climb 5.40%

Taking a closer look at shares of Darden Restaurants (DRI), we have noted that the stock price has risen 5.40% over the last 4-weeks. Zooming in to the past 5 sessions, shares have changed 2.20%. Stepping back for the last 6 months, shares have seen a move of 2.11%. Going back a full year, shares have moved 18.49%.

Beginner traders have the tendency to make many mistakes when starting out. Although this comes with the territory, continually making the same mistakes will most likely put the trader on the sidelines very quickly. Learning from previous mistakes is what helps transform a mediocre trader into a good one. Successful traders are highly adept at creating detailed plans, managing uncertainty, and reviewing previous trading records. Scooping up profits from the share market is no easy task. Even with the best intentions and preparation, things may not work out as planned. Taking a look at the market from various angles may aid the trader see the bigger picture. Market environments are constantly changing, and traders should look into be ready for these changes and adapt accordingly in order to be successful over the long-term.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to add up whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 66.25, the 7-day stands at 78.97, and the 3-day is sitting at 94.20.

Investors and traders continue to monitor technical levels of shares of Darden Restaurants (DRI). A frequently used resource among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain season of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to assist the trader think through proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 105.63, and the 50-day is 105.16.

Darden Restaurants (DRI)’s Williams Percent Range or 14 day Williams %R currently sits at -4.65. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Darden Restaurants (DRI) currently has a 14-day Commodity Channel Index (CCI) of 117.42. Active investors may single out to use this technical indicator as a stock evaluation resource. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Managing the stock portfolio can be a very challenging task. To manage the portfolio successfully, it can take a lot of dedicated time, effort, and perseverance. Studying the market and being in tune with the economic landscape can aid investors gain the knowledge that is needed to come out on top. Controlling emotions and consistently following a plan may be the keys to keep the investor on track. As many seasoned investors know, the share market can be a wild ride full of many ups and downs. Being able to remain calm and focused during the rocky periods can assist the investor when making those highly meaningful portfolio decisions.

Currently, the 14-day ADX for Darden Restaurants (DRI) is sitting at 20.51. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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