Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>DXCM stock price showed rejection from the 61.8% Fib zone.</a></li>
 <li><span>2</span> <a>Buyers are trying to accelerate and looking to reach $100.</a></li>
</ul>
<p>Dexcom, Inc. (NASDAQ: DXCM) share price showed a pullback from the demand zone of $75 and has regained momentum in the past sessions. Furthermore, the stock has done the correction and is ready to outperform. Additionally, the Q3 earnings results gave a boon for buyers to rebound and stock delivered the buying interest in the past sessions. Furthermore, the stock has surpassed the 20-day and 50-day EMA and is heading to retest the round mark of $100. The stock is trading close to the resistance zone of $100 where the Fibonacci retracement zone of 61.8%, if surpassed, the stock will skyrocket and may reach a high of $120 soon.</p>
<p>DexCom, Inc. is a medical device manufacturing company, which engages in the design, development, and commercialization of glucose monitoring systems for ambulatory use by people with diabetes. Its products include the Dexcom G6 CGM System, DexCom G6 CGM System for Medicare, Software, and Mobile apps. The company was founded by John F. Burd on May 1, 1999, and is headquartered in San Diego, CA.</p>
<p>DXCM stock is approaching neutrality and is showing buyers’ accumulation in the past sessions. Furthermore, the price action has showcased the long buildup after the Q3 numbers which were above the estimates and stock reacted to it positively. The technicals suggest that the stock was corrected from the high of $140 and has retested the bottom zone of $75.</p>
<h2 class="wp-block-heading" id="strong-will-dxcm-stock-reach-the-100-mark-strong"><strong>Will DXCM Stock Reach the $100 Mark?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/N2-9KSxHdbcLc9dME8aiNSFkaA7_lN0EDdAw_kGK4phTcXWI3SBmsaTlgr55Wr5lIdXSJtsQZj_SZX9AQsQOLzYXBEIQk2ygyOpqUjiOIyO-_qfbwEUVUuf6Gj0mZOnAWtMiLDxqGYo7fAdpEOavup0" alt="DXCM Stock Rebounds From Lows of $75, Will DXCM Reach $100?">
  <figcaption class="wp-element-caption">
   Source: DXCM Stock/NYSE By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, <a href="https://www.thecoinrepublic.com/2023/08/26/dxcm-stock-will-dexcom-inc-stock-price-drop-more-from-100-00/" rel="noopener noreferrer nofollow">DXCM stock price</a> is trading close to the make-or-break zone of $100, which if surpassed, the stock will shine toward $120, whereas if rejected from there, the stock will retest the lows of $75 again. Furthermore, the price action shows that DXCM stock was in a downtrend and formed lower highs and lower lows for the past sessions. Recently, the trend was flipped and a vertical rebound was noted on the charts. Additionally, the stock has approached the 50% Fibonacci retracement zone and is above the mid bollinger band.</p>
<p>The RSI curve stayed in the overbought zone and formed a bullish divergence indicating the buying interest in the past sessions.</p>
<p>The MACD indicator showed a bullish crossover and formed green bars on the histogram suggesting a positive outlook for the upcoming sessions.</p>
<p>Per the ongoing trend, DXCM stock will continue to outperform and may reach the supply zone of $125 soon.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>DXCM stock price is trading close to neutrality and showed buyers accumulation in the past trading sessions. Moreover, the price action indicates the long buildup activity and sellers are covering their short positions. Additionally, the stock has done its correction and because of the oversold, the stock showed a pullback and has approached neutrality.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $90 and $85</p>
<p>Resistance Levels: $100 and $120</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

DXCM Stock Rebounds From Lows of $75, Will DXCM Reach $100?

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