Dun & Bradstreet Stock Break Above Falling Wedge

Dun & Bradstreet stock showed a strong chart structure in the recent trading sessions. The price traded above the key moving averages and reflected the buyers’ power. The sellers were wary of the competition and waited for a decline to show their influence. But seeing the rise, they were closing their positions and staying on the sidelines. The buyers kept making long positions and steadily moved toward the $10 mark.

DNB stock was trading at $9.85 at the time of writing with a slight rise of 2.18% for the day, showing neutrality in the last trading session. The trading volume for the day was 2.301 Million. The market cap of DNB stock was $4.324 Billion. The stock displayed the bulls’ strength and maintained the gains leading the way.

On the daily charts, Dun & Bradstreet stock stayed on the top, near the supply zone, holding the gains convincingly. Buyers have an edge and have dominated the past few trading sessions. Moreover, the price persisted in forming higher highs, and sellers were trapped during the rebound.

As per the stock technicals, analysts maintained a buy rating, and the target price of $15 showed the stock’s bullishness.

Technical Analysis of Dun & Bradstreet Stock Price in 1-D Timeframe

Currently, Dun & Bradstreet stock (NYSE: DNB) is trading above the 20-day EMAs (Simple moving averages), which are supporting the price momentum.

However, if buying volume adds up, then the price will support bullish momentum by making higher highs and new highs. Therefore, the Dun & Bradstreet price is expected to move upward, giving bullish views over the daily time frame chart.

The current value of RSI is 55.97 points. The 14 SMA is below the median line at 39.28 points which indicates that the Dun & Bradstreet stock is bullish.

The MACD line at -0.1271 and the signal line at -0.2201 are below the zero line. A bullish crossover is observed in the MACD indicator which signals strength in the momentum of the DNB stock price.

Weekly Charts Price Analysis

The weekly charts of Dun & Bradstreet stock reveal that the sellers have been dominant. The stock has been on a downward trend, as it has broken below the key EMAs. The technical indicators also confirm the bearish sentiment, as the RSI is near the oversold zone at 42 and the MACD has formed red bars and a bearish crossover. These signals indicate that the stock may face more downside pressure in the coming weeks.

Summary

Dun & Bradstreet (NYSE: DNB) oscillators are currently indicating that the price is overbought. The investors could be more optimistic regarding the stock. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the DNB stock price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, Investors and traders should wait for proper setup for the next move and avoid FOMO.

Technical Levels

Support Levels: The nearest support levels for the Dun & Bradstreet stock price are $8.67 and $8.00.

Resistance levels: The nearest resistance levels for the DNB stock price are $9.89 and $11.19.

Disclaimer

The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.