In his Real Money column "Toast, the Next Big Thing? I Question its Valuation" Jim Cramer discusses DoorDash (DASH) :
"Speaking of 'getting expensive' I think that the stock of DoorDash, a company that at one point might not even look like it could come public because of its losses, may soon be threatened not by more restaurants but by more vaccines, notes Cramer."
Let's check out the charts of DASH.
In the daily Japanese candlestick chart of DASH, below, we can see all the trading in this new issue. The price action and the indicators tell me to be cautious of the long side. The upper shadows above $215 also suggest a cautious approach. Prices are testing the rising 20-day moving average line.
The On-Balance-Volume (OBV) line is not showing us a rising trend, which tells us that buyers of DASH are not being aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but the two moving averages that make up this indicator are right on top of each other. This tells me that a reversal (up or down) could happen soon.