DoorDash $DASH stock got a 6% bump higher on December 13, 2022, as the CPI came in cooler than expected bolstering the narrative that the Fed is at or near peak rates. The stock is trading in an uptrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... as it slowly crawls closer to its 200 day moving average (red line on the chart below). The stock is in a technical weak downtrend.
Dark Pool Trading In DoorDash $DASH Stock
A dark pool trade occurred in DoorDash stock on December 7, 2022. The trade was valued at $6.4 million. We think the dark pool trade was a buy order because $DASH stock rose following the trade hitting the tape.
Make sure to review this lesson on dark pool trading so that you understand the chart above.