Dorman Products Technical Analysis (NASDAQ:DORM)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Dorman Products stock price data and volume are plotted in DORM stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Dorman Products. The technical analysis form of Dorman Products stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Dorman Products Moving Average:
Moving averages help predict the price direction of DORM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Dorman Products are mostly signals of long term trends and will help long term traders.
Dorman Products Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Dorman Products stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Dorman Products bollinger bands.
Dorman Products Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Dorman Products MACD line is below the signal line.
Dorman Products Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of DORM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .