Analysis before buying or selling Doordash shares

It was only very recently, in December 2020 to be more precise, that the DoorDash Group was partially introduced onto the stock markets. This operation enabled the generation of 3.4 billion dollars. It should be noted that the introductory share price was originally fixed at 102 dollars per share. The asset began the trading session at 182 dollars per share on the New York Stock Exchange, or NYSE, which represents a rise of over 78% of its value.

Although the DoorDash share price is quoted on the American stock market it is of course available from Europe using certain tools or services. This is notably the case with CFDs or ‘Contracts for the Difference’ that are available from reputable brokers online that offer the opportunity to speculate on the assets of certain American companies such as DoorDash which was recently introduced onto the stock markets. You can of course also access other American, European and international assets.

Although a fundamental analysis of the DoorDash share price is clearly necessary before taking position on this asset the same is also true for a technical analysis. It should be remembered here that this share price was only recently introduced so it could be seen as particularly volatile and speculative. Therefore, a technical analysis, completed parallel to a fundamental analysis, will enable you to evaluate the market feeling towards this asset by studying the volatility and trading signals displayed on the stock market charts. This could therefore be seen as a supplementary protection.