DMC GLOBAL INC Technical Analysis (NASDAQ:BOOM)
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. A BOOM stock chart pattern can give those who understand technical analysis an indication of which way BOOM stock is headed, but cannot predict with 100% certainty as to what can happen to the DMC GLOBAL INC stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for DMC GLOBAL INC. Technical analysis uses an approach for DMC GLOBAL INC stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
DMC GLOBAL INC Moving Average:
BOOM stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of DMC GLOBAL INC chart patterns after the calculations remain the same. The 100 day moving average of 13.42 is below the last closing price of 16.5. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $13.88 is below the price of $16.5.
DMC GLOBAL INC Bollinger Bands:
Bollinger bands comprise of a center line usually BOOM SMA, and two BOOM stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $16.5 is in the upper range of DMC GLOBAL INC bollinger bands.
DMC GLOBAL INC 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 DMC GLOBAL INC MACD indicator is above 0 indicating a bullish trend.
DMC GLOBAL INC Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of BOOM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .