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Stock Trend Analysis Report

Prepared for you on Tuesday, June 6, 2023.

Dolby Laboratories (NYSE:DLB)

Sidelines Mode (+55) - DLB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid DLB?

MarketClub looks at technical strength and momentum to determine if the timing is right for DLB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low DLB Price Change
82.610 83.195 82.540 82.970 -0.460
Entry Signal

MarketClub’s Trade Triangles for DLB

long term up The long-term trend has been UP since Dec 1st, 2022 at 76.19

intermediate term down The intermediate-term trend has been DOWN since Apr 24th, 2023 at 83.61

short term up The short-term trend has been UP since Jun 2nd, 2023 at 82.70

Smart Scan Analysis for DLB

Based on our trend formula, DLB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for DLB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.610 83.195 82.540 82.970 -0.460
Prev. Close Volume Bid Ask Time
83.430 339397 2023-06-06 15:59:52
Year High74.29Year High Date2018-01-25
Year Low58.3701Year Low Date2018-02-09
52wk High88.05552wk High Date2023-02-03
52wk Low61.5552wk Low Date2022-10-13
Year End Close29.33Average Volume371,171
Shares Outstanding95,506Short Interest5,306,367
% Institutional43.5Market Cap6,523M
P/E Ratio33.3589Beta0.96
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