Darden Restaurants: Expected To Maintain Its Price Below Its Resistance Level

Today’s instrument is the Darden Restaurants stock traded in the NYSE exchange under the ticker DRI

When we look at the DRI’s chart, we can see that after an upwards price movement due to the better-than-expected announced quarterly earnings, it is currently traded at around $142.75.

Due to the spread of the Omicron variant and the new measures announced, we expect its price to be maintained below its resistance level which is located at around $144.

If starts to decline, then it could approach its support level at around $135.

(Click on image to enlarge)

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