Destination Maternity Technical Analysis (NASDAQ:DEST)
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. Just by looking at the Destination Maternity 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 DEST 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 Destination Maternity. The technical analysis form of Destination Maternity stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Destination Maternity Moving Average
Moving averages help predict the price direction of DEST stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $5.98 is above the last closing price of $5.78 and the 50 day moving average of $4.26 is below the last closing price of $5.78. The 10 and 20 day periods can predict short term moving average trends.
Destination Maternity Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Destination Maternity. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $5.78 is in the lower range of Destination Maternity bollinger bands.
Destination Maternity Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Destination Maternity MACD line is above the signal line.
Destination Maternity Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of DEST stock is 39.1.