Sellers Dominate DASH Below Key EMAs at $164.38
Shares of DoorDash Inc (DASH) declined 0.17% to $164.38 on February 25.
The technical setup looks bearish:
Moving Averages
The stock trades below its 9-day EMA ($171.61) with the 21-day ($182.55) acting as overhead resistance.
Momentum
RSI at 30.4 is in neutral territory but trending lower. MACD is bearish (-11.90 vs signal -11.32).
Volatility
Bollinger Band width at 36.6% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $150.46.
Traders are watching $150.46 on the downside and $217.96 on the upside.
