DoorDash, Inc. operates a local commerce platform connecting merchants, consumers, and Dashers, offering the DoorDash and Wolt Marketplaces in over 25 countries. These Marketplaces provide services for merchants to establish an online presence, transact with consumers, and fulfill orders. They also offer Pickup for advance orders without consumer fees and DoorDash for Business for large group and catering orders. Membership products include DashPass and Wolt+. Platform services, mainly DoorDash Drive and Wolt Drive, offer white-label delivery fulfillment, along with DoorDash Storefront and Bbot.
When researching a stock like DoorDash, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from DASH Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for DASH stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting DASH RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
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Video: RSI Indicator