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S&P 500 Overbought StocksArchive
- 5/26/2023 -
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Darden Restaurants (DRI) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Darden Restaurants (DRI). During the week, the DRI gave back -0.13 points, or -0.08%, and closed at 161.28 on Friday, May 26, 2023. DRI was trading at average weekly trading volume.
 Long-term trend: [See DRI long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 110.96 and reached 163.77 on May 26, 2023. DRI gained -52.81 points, or -47.59%, in 49 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (151.72) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See DRI medium-term trend chart]
A medium-term uptrend had started on March 1, 2023 at 141.75 and reached 163.77 on May 26, 2023. DRI gained -22.02 points, or -15.53%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (147.64) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DRI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See DRI short-term trend chart]
A short-term uptrend had started on May 11, 2023 at 146.29 and reached 163.77 on May 26, 2023. DRI gained -17.48 points, or -11.95%, in 15 days. The price is now at the 14.24% retracement level.
 Daily Technical Indicators: [See DRI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 15, 2023. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
7 |
| Industry |
Restaurants |
108 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
146.29 |
| Low Date |
05/11/2023 |
| High |
163.77 |
| High Date |
05/26/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
145.90 |
| Low Date |
04/25/2023 |
| High |
163.77 |
| High Date |
05/26/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
153.09 |
| Support |
147.64 |
| Low |
141.75 |
| Low Date |
03/01/2023 |
| High |
163.77 |
| High Date |
05/26/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
158.20 |
| Support |
151.72 |
| Low |
110.96 |
| Low Date |
06/16/2022 |
| High |
163.77 |
| High Date |
05/26/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
13.21 |
| Low Date |
11/21/2008 |
| High |
164.28 |
| High Date |
09/23/2021 |
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