Dangdang Technical Analysis (NYSE:DANG)
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 DANG stock chart pattern can give those who understand technical analysis an indication of which way DANG stock is headed, but cannot predict with 100% certainty as to what can happen to the Dangdang stock price.
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 Dangdang. 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 Dangdang stock analysis.
Dangdang Moving Average
Moving averages help predict the price direction of DANG 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 Dangdang are mostly signals of long term trends and will help long term traders.
Dangdang 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 DANG stock. Dangdang bollinger bands show that the stock price is $6.63, upper band is 6.64, lower band is 6.47, and the average is 6.55.
Dangdang Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Dangdang MACD indicator is above 0 indicating a bullish trend.
Dangdang 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 DANG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.