Dominion Diamond Technical Analysis (NYSE:DDC)
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. The Dominion Diamond stock price data and volume are plotted in DDC stock charts and these trading charts form the basis of technical analysis.
See Dominion Diamond bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Dominion Diamond stock analysis using these technical indicators helps identify trading opportunities.
Dominion Diamond Moving Average:
Moving averages show the average price of DDC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for DDC trend identification. A rising moving average shows that stock prices are generally increasing.
Dominion Diamond Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Dominion Diamond stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of Dominion Diamond bollinger bands.
Dominion Diamond 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 Dominion Diamond MACD line is above the signal line.
Dominion Diamond Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of DDC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .