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Dropbox Inc Inc. (DBX) Price Performance: A Technical Analysis Perspective

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -15.26%. However, over the last six months, the performance has been weaker by 2.21%. The price of DBX increased 2.21% over the last 30 days. And in the last five days, it has surged by 2.08%.

Dropbox Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $33.43 on 02/09/24, and the lowest price during that time was $20.68, recorded on 06/20/24.

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52-week price history of DBX Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Dropbox Inc’s current trading price is -25.28% away from its 52-week high, while its distance from the 52-week low is 20.79%. The stock’s price range for this period has been between $20.68 and $33.43. The Technology sector company’s shares saw a trading volume of about 2.29 million for the day, which was lower than the average daily volume of 3.14 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Dropbox Inc (DBX) has experienced a quarterly rise of 11.42% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.13B and boasts a workforce of 2693 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 23.09, with a change in price of +1.61. Similarly, Dropbox Inc recorded 3,893,350 in trading volume during the last 100 days, posting a change of +6.89%.

DBX Stock Stochastic Average

As of today, the raw stochastic average of Dropbox Inc over the past 50 days is 91.96%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 87.60%. Additionally, the Stochastic %K and %D values for the company were 84.88% and 82.73%, respectively, over the past 20 days.

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