Digital Turbine Technical Analysis (NASDAQ:APPS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Digital Turbine stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the APPS stock chart which creates a trading signal.
See Digital Turbine bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Digital Turbine stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Digital Turbine Moving Average
Moving averages show the APPS stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Digital Turbine are mostly signals of long term trends and will help long term traders.
Digital Turbine 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 APPS stock. Currently the stock price of $1.48 is in the upper range of Digital Turbine bollinger bands.
Digital Turbine Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Digital Turbine MACD indicator can be used to identify bullish and bearish trends for the stock.
Digital Turbine Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of APPS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.