Domino’s Pizza (DPZ) – Multi-Timeframe Analysis – Monthly, Weekly and Daily Chart Grid – annotations by askSlim
At askSlim.com we use technical analysis to evaluate price charts of stocks, futures, and ETF’s.
We use a combination of cycle, trend and momentum chart studies, on multiple timeframes, to present a “sum of the evidence” directional outlook in time and price.
askSlim Technical Briefing – Domino’s Pizza Stock (DPZ):
DPZ’s long-term stock price momentum is firmly positive. The stock has had a multi-month consolidation, which has helped the stock digest its gains.
The intermediate-term cycle configuration is positive and suggests that Domino’s Pizza’s stock (DPZ) is due to form a bottom. The next projected intermediate-term low is due between the middle of January and the middle of February.
DPZ’s weekly momentum is negative. The daily cycle analysis suggests that the stock is in a declining phase and due to form a short-term low. DPZ’s daily momentum is negative.
On the upside, there is short-term Fibonacci resistance at 295.42 followed by cycle high resistance at 298.98. If the stock closes above 298.98, the odds favor a test of the intermediate-term Fibonacci projection/target zone from 312.17 – 321.38.
On the downside, DPZ has short-term Fibonacci support zones from 284.95 – 276.29.
askSlim Sum of the Evidence:
DPZ’s long-term and intermediate-term patterns are firmly positive. The positive longer-term conditions coupled with the negative weekly and daily momentum suggest that near-term declines will likely limited to the short-term Fibonacci support zones beginning at 284.95.
Once the next intermediate-term low forms, there is a likelihood that the stock tests 312 by March.
Please note: We have an active Long “Trade Idea” in DPZ. Become a Level 3 or 4 member and get access to our “Trade Ideas” service.
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