Dropbox Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Dropbox Stock Quote
- Double Formation
* Retracement 0.618)) & ((50)) | Completed Survey
* Trend Line 1 & 2 | Subdivision 1
- Triple Formation
* 26.00 USD | Pattern Confirmation | Subdivision 2
* 012345 | Wave Count Completed | (4)) & (5))
* Daily Time Frame | Retracement ((50)) | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
DBX trade ideas
Dropbox's Next Upload: Eyes $33 with Momentum and GrowthDropbox (DBX) is building strong bullish momentum, after the potential to fill a gap at the $23.00 level. A break through the $25 resistance level would signal further strength, propelling the stock toward the $28.00 weekly resistance. From there, the next target is the monthly resistance level at $33.00. With an attractive 4.14 risk-to-reward ratio, this setup provides a compelling opportunity for traders to capture upside while managing downside risk with a stop-loss at $23.40.
Dropbox’s focus on enhancing its cloud storage and collaboration tools, along with its growing presence in the enterprise market, reinforces the case for long-term bullish potential. As businesses continue to rely on cloud solutions, DBX is well-positioned to capitalize on this growing trend, making the $33 target a realistic goal.
NASDAQ:DBX
Dropbox Reported Results in line With Analysts' Expectations 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 same quarter last year.
Dropbox'S ( NASDAQ:DBX ) core business delivered in-line revenue and better than anticipated profitability in Q1. Dropbox's revenue growth has been unremarkable over the last three years, growing from $511.6 million in Q1 2021 to $631.3 million this quarter. However, the company's quarterly revenue was only up 3.3% year on year, which might disappoint some shareholders. Additionally, Dropbox's revenue decreased by $3.7 million in Q1 compared to the $2 million increase in Q4 CY2023. Analysts covering the company were expecting sales to grow 1.6% over the next 12 months before the earnings results announcement.
Technical Outlook
NASDAQ:DBX stock is in a Falling Wedge pattern. Which started as a result of the downward Gap from the start of February. Further accentuating the bearish trend is the Relative Strength Index (RSI) of 41.91. In the short term, NASDAQ:DBX is poised for a trend reversal after falling for quite some time.
Dropbox Plummets Over 20% After Disappointing Guidance
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 and analysts alike.
Analysis of Downgrades:
Bank of America Securities' Michael Funk downgraded Dropbox ( NASDAQ:DBX ) from Buy to Underperform, emphasizing that the bullish case for NASDAQ:DBX has run its course. He highlighted the company's disappointing results, guidance, and commentary, indicating a negative shift in its risk/reward profile. Funk's decision to slash the price target reflects his skepticism about Dropbox's future performance.
Goldman Sachs' Kash Rangan echoed similar sentiments, downgrading Dropbox's rating to Sell from Neutral. Rangan emphasized the need for a re-acceleration of growth, a robust small- and medium-sized business environment, and tangible proof points in artificial intelligence (AI). His decision to lower the price outlook underscores doubts about Dropbox's ability to meet investor expectations.
JMP Securities' Patrick Walravens expressed concerns about Dropbox's decline in annual recurring revenue and the number of paying users. He raised questions about the company's durability in the face of these challenges, prompting him to downgrade the rating from Market Outperform to Market Perform. Walravens' decision reflects broader uncertainties surrounding Dropbox's long-term viability.
Implications for Investors:
The significant decline in Dropbox's ( NASDAQ:DBX ) stock price highlights investor apprehensions about its growth trajectory and ability to deliver on revenue targets. The downgrades from prominent analysts signal a loss of confidence in the company's prospects, leading many investors to reassess their positions. With Dropbox shares only slightly in positive territory for the past year, the latest setback underscores the challenges facing the cloud storage provider.
Looking Ahead:
Dropbox ( NASDAQ:DBX ) now faces the daunting task of regaining investor trust and reigniting growth amid mounting concerns. The company must address underlying issues such as slowing revenue growth and dwindling user numbers while demonstrating a clear path forward. As competition in the cloud storage market intensifies, Dropbox ( NASDAQ:DBX ) must innovate and differentiate itself to maintain its relevance and appeal to investors.
Conclusion:
The steep decline in Dropbox's ( NASDAQ:DBX ) stock price following disappointing guidance underscores the challenges ahead for the cloud storage provider. Analyst downgrades reflect broader concerns about the company's growth prospects and ability to meet investor expectations. Dropbox ( NASDAQ:DBX ) now faces a critical juncture in its trajectory, requiring decisive action to regain investor confidence and chart a path toward sustainable growth in an increasingly competitive market landscape.
Dropbox Inc. ($DBX) - A Bullish Outlook
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 NASDAQ:DBX 's recent stock performance, which showcases a robust upward trajectory.
Positive Technical Indicators:
As of January 20, 2024, NASDAQ:DBX continues to trade near the top of its 52-week range, signaling investor confidence in the company's potential. The stock's ability to stay above its 200-day simple moving average reinforces the notion of a sustained uptrend. Despite a slight dip of $0.03 in after-hours trading, it's important to interpret this movement cautiously, given the typically lower trading volumes during that period.
Analyst Endorsement and Price Target:
Thomas Blakey's Overweight rating and increased price target are indicative of a strong belief in NASDAQ:DBX 's future performance. This endorsement implies that NASDAQ:DBX is expected to outperform its industry peers, providing investors with above-average returns. The revised price target of $37 suggests further room for growth, presenting an enticing opportunity for those looking to capitalize on the potential upside.
Financial Performance Highlights:
The financials for DBX on January 20, 2024, present a compelling narrative of success. The total revenue for the past year reached $2.32 billion, marking a commendable 7.74% increase from the previous year. The stability of total revenue at $633.00 million in the third quarter showcases the company's ability to maintain consistent performance.
Surge in Net Income:
Perhaps the most striking aspect of NASDAQ:DBX 's performance is the surge in net income. At $553.20 million for the past year, the company witnessed an impressive 64.74% increase compared to the previous year. Moreover, net income soared by an extraordinary 164.12% since the previous quarter, reflecting the effectiveness of NASDAQ:DBX in capitalizing on market opportunities.
Earnings per Share (EPS) Growth:
Investors will be pleased to note DBX's robust earnings per share growth. With an EPS of $1.24 for the past year, the company experienced a substantial 46.23% increase compared to the previous year. Furthermore, the EPS increased by an impressive 162.37% since the previous quarter, further solidifying the positive trajectory.
Investor Implications:
NASDAQ:DBX 's stellar financial performance on January 20, 2024, paints a promising picture for the company's stock. The surge in net income and EPS demonstrates NASDAQ:DBX 's ability to monetize its offerings effectively and generate higher profits. Investors seeking long-term growth prospects may find DBX an attractive investment option.
Conclusion:
In conclusion, the combination of positive technical indicators, analyst endorsement, and stellar financial performance positions Dropbox Inc. ( NASDAQ:DBX ) as a standout investment opportunity. As the company continues to demonstrate its capacity for growth and profitability, investors may find themselves drawn to the potential rewards offered by NASDAQ:DBX 's resilient performance in the competitive market.
DBX - 8.40% Potential Profit - Swing Trading SetupGood risk / reward ratio on this trade.
Channel breakout.
- Target Entry: $28.57
- Stop Loss: $27.77
- Target Exit: $31.00
- Risk / Reward Ratio: 3.04
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid the initial spikes/drops that get me into a position and out right after.
Dropbox to break higher?Dropbox - 30d expiry - We look to Buy a break of 28.82 (stop at 27.57)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end. 28.68 has been pivotal.
The bias is to break to the upside.
The sequence for trading is higher highs and lows.
Our profit targets will be 31.82 and 32.42
Resistance: 28.57 / 29.00 / 30.00
Support: 27.30 / 26.50 / 26.06
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
DROPBOX BREARISH OUTLOOKDropbox's revenue growth has been slowing down due to intense competition from larger cloud storage platforms like Google Drive, Microsoft OneDrive, and Apple iCloud. The company remains profitable but faces challenges in the market. It is exploring AI integration for its services. Analysts project continued deceleration in revenue growth, with expected sales growth of 7% in 2023 and 5% in 2024. Dropbox's stock is valued at $26.63 with a market cap of $9 billion, but investors may find more stable tech stocks with comparable valuations.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Dropbox to find resistance at current swing high?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 the Ichimoku cloud.
Our profit targets will be 20.14 and 19.74
Resistance: 20.50 / 21.50 / 22.33
Support: 20.00 / 19.22 / 18.71
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Dropbox price action remains mixed.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: 20.28 / 20.00 / 19.22
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
DROPBOX - BULLISH SCENARIOOn 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 short-term price target is located at $ 25 and the long-term at $ 32.
In other words that`s between 15 % to 50% possible return
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
DBX: Fib to cap rallies?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 targets will be 20.61 and 20.00
Resistance: 22.50 / 25.00 / 33.00
Support: 20.60 / 17.70 / 14.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Potential trend reversal on DropboxIn the last couple of weeks the price of DBX has strongly rebounded and broken through several lines of resistance. This could be a signal that the downtrend is reversing. I will watch what happens in relation to any down swing. If the up trend is confirmed this could be a great entry point.
DBX is a good long term holding. Intro:
"Dropbox, Inc. provides a content collaboration platform worldwide. Its platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2021, the company had approximately 700 million registered users. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries." (Yahoo)
Biggest competition is Google Drive
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Presently trading at below average PE ratio of the NASDAQ = 24 compared to 32 (As of today)
Increasing free cash flow (40% last year)
Earnings and net income growing year over year
profitable business
Outstanding shares decreased by 7.5% over the last year (Due to repurchasing of shares)
On Feb 11, 2022 announced will be re-purchasing an additional 1.2 billion of its common stock (14.3% of their outstanding shares!) And they will likely execute on this plan as this is consistently down trending.
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Where as I am concerned with competition, specially from Google Drive. There is no evidence that Dropbox is losing market share. On the contrary, the re-occurring revenue and customer base is increasing, and customers are purchasing more products.
Maybe I am thinking too simply here - I personally believe in their ability to deliver being specialized in the sector, whereas other competitors have many completely unrelated sub-divisions or businesses, DBX is focused on providing the cloud platform to its customers as its main source of revenue.
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Average analyst expected growth rate to 2025 is just above 8%
Average analyst expected earnings growth rate to 2025 is just above 22%
Most bearish analysts have a price target of $25.
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I have slowed down purchasing stocks lately, as I want to have better and better opportunities to average out my prices in my holdings. But I believe in this market, there are opportunities presenting themselves consistently.
DROPBOX- BEARISH SCENARIO50% 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, powerful home for photos, videos, docs, and other files.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Dropbox (DBX) tradeDropbox (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 was 22.70.
Magic? Crystal ball? ... obviously!
Joking aside, I have been telling you for months and showing you that the market is driven by only one thing, volumes. Whether they are institutional, retail, programmed algorithms ... the volumes on the price ranges are the REAL supports and resistances.
So why $ 22.77? Simply because it coincides with the POC of the last 2 years.
It can move, it could go up or down, depending on the time we select. Generally, I always check the poc of the last year and the previous one, to find the price levels where to make an entry or an accumulation (if we are talking about a long-term investment).
In the case of Dropbox, not being particularly volatile, I expect a rather long trade, although of course there is always the exception to the rule.
Said so it seems very simple, but obviously you cannot reduce everything to the purchase on the POC, also because this event does not always occur. Studying daily and having a method is the key to success.
Target price:
- $ 25.22: take profit for a quick 10% profit
- $ 28: important volumetric level
- $ 31: level where you can completely close the position
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.