Drew Industries Technical Analysis (NYSE:DW)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Drew Industries stock price data and volume are plotted in DW stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Drew Industries. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Drew Industries stock analysis.
Drew Industries Moving Average:
Moving averages show the DW stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.58 is above the price of $103.65.
Drew Industries Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the DW stock. Drew Industries bollinger bands show that the stock price is $103.65, upper band is 529.94, lower band is 449.09, and the average is 489.51.
Drew Industries 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 Drew Industries MACD indicator is above 0 indicating a bullish trend.
Drew Industries 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 DW stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .