DoorDash Seeks Recovery, Tactical Target $220–$240
$DoorDash, Inc.(DASH)$
$204.31 (+4.00%): Post-earnings gap stabilizes; oversold bounce—watch $200/$210 and gap-fill to $230–$240
Market Recap
DoorDash closed at $204.31, rebounding after the earnings-gap slide yet still ~28% below its ~$285.5 52-wk high.
Today’s move looked like short-covering and dip-buying after the sharp selloff; overnight quotes edged higher again.
Fundamentals snapshot from your screenshots: P/E (TTM) ~103x, beta ~1.70, Street 1-yr target ~$279.
The tape remains damaged but attempting to base above psychological $200.
Technicals & next-week setup:
Price is well below EMA-20 ~$246 and EMA-50 ~$253—trend still down.
MACD(12,26,9) is deeply negative (MACD −6.5, Signal −12.0, Hist −5.5) but curling—early momentum repair.
RSI(14) ~26 shows oversold, supporting a reflex rally.
Base case: sideways-to-up if $200–192 holds; resistance $210 → $220, then the gap zone $230–$240 (first serious supply), with trend lines at $246/$253 above.
Bear case: a close < $196 risks $190–$185.
Target band: tactical $220–$240 on mean-reversion; medium-term back toward $250–$260 only after reclaiming the EMAs and building higher lows.
Risk & Disclaimer:
High beta; moves can gap on guidance, fees/regulation, or consumer-spend headlines. Technical commentary only based on your Yahoo Finance & TradingView snapshots (today’s data). Not investment advice.
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