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Dropbox Is Up Over 20.0% in 2019: How the Market Compares

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Dropbox’s returns

Shares of leading cloud storage company Dropbox have gained close to 13.0% since April 2019. Dropbox shares have now gained 20.5% since the start of 2019.

Dropbox went public on March 23, 2018, and closed trading at $28.48 per share that day after rising from its IPO price of $21.0. Dropbox stock rose to a high of $43.0 in June 2018 before tapering off considerably. The stock then fell to $20.43 at the end of 2018. Like most other companies, Dropbox shares generated negative returns last year. The stock has fallen 21.0% in the last 12 months.

Dropbox stock is currently trading 33.0% above its 52-week low of $18.50 and 29.6% below its 52-week high of $34.95. The SPDR S&P 500 ETF (SPY) has generated a return of 17.3% YTD (year-to-date). It’s gained 9.06% in the last 12 months and 4.4% since April 2019.

The Invesco QQQ Trust, Series 1 ETF (QQQ) has generated a return of 20.9% YTD. QQQ has gained 8.9% in the last 12 months and 4.7% since April.

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What do the technical indicators suggest?

Dropbox is trading at $24.62, which means it’s trading at the following levels:

  • 5.8% above its 100-day moving average of $23.26
  • 5.8% above its 50-day moving average of $23.26
  • 5.1% above its 20-day moving average of $23.42

RSI and MACD

Dropbox has an MACD (moving average convergence divergence) score of 0.64. A stock’s MACD marks the difference between its short-term and long-term moving averages. DBX’s positive MACD score indicates an upward trading trend.

Dropbox stock has a 14-day RSI (relative strength index) score of 60, which shows that its stock is trading close to overbought territory. An RSI score of above 70 indicates that a stock is overbought, while an RSI score of below 30 indicates that a stock is oversold.

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