Analysis Summary For Darden Restaurants, Inc. (DRI)
Analysis Date: July 27th, 2023
Time Target: October 31st, 2023 (+/- 5 trading days)
Price Target: $191 (+/- $2)
Projected Move: 50% drop by July 23rd, 2024 (~8 months)
Our work shows that Darden Restaurants, Inc. (DRI) will experience over 50% lose between October of 2023 and July of 2024.
Trading Recommendation:
A short position should be established at $191 (+/- $2) around the end of October with stop loss at $194. If DRI pushes above this level, the overall forecast will fail. A 50% decrease should follow into end of July of 2024 (about 8 months).
A more detailed analysis will be available as we get closer to the October turning point.
