Digital Cinema Destinations Technical Analysis (NASDAQ:DCIN)
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 Digital Cinema Destinations 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 DCIN stock chart which creates a trading signal.
See Digital Cinema Destinations bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Digital Cinema Destinations stock analysis that does not care for the fair value of a company but uses price and volume data only.
Digital Cinema Destinations Moving Average
Moving averages show the DCIN 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $5.69 is below the price of $5.99.
Digital Cinema Destinations Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Digital Cinema Destinations. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $5.99 is in the upper range of Digital Cinema Destinations bollinger bands.
Digital Cinema Destinations 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 Digital Cinema Destinations MACD indicator is below 0 indicating a bearish trend.
Digital Cinema Destinations 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 . The relative strength index of DCIN stock is 72.22.