Domino's Pizza price gathers positive momentum - 15-04-2024

Domino’s Pizza’s stock price (DPZ) inched down in the intraday levels, amid negative signals from the RSI while gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term as it trades alongside the secondary short-term trend line, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of $535.00, provided it holds above the support of $476.00.

Expected trading range: between the support of $476.00 and the resistance of $535. 

Trend forecast: Likely Bullish