Data I/O Technical Analysis (NASDAQ:DAIO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Data I/O 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 DAIO stock chart which creates a trading signal.
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 Data I/O. Technical analysis uses an approach for Data I/O stock analysis that does not care for the fair value of a company but uses price and volume data only.
Data I/O Moving Average
Moving averages help predict the price direction of DAIO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $5.66 is above the price of $5.32.
Data I/O Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Data I/O. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Data I/O bollinger bands show that the stock price is $5.32, upper band is 6.86, lower band is 4.46, and the average is 5.66.
Data I/O 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 Data I/O MACD line is above the signal line.
Data I/O 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. The relative strength index of DAIO stock is 28.49.