Donegal Technical Analysis (NASDAQ:DGICA)
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 DGICA stock chart pattern can give those who understand technical analysis an indication of which way DGICA stock is headed, but cannot predict with 100% certainty as to what can happen to the Donegal stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Donegal. 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 Donegal stock analysis.
Donegal Moving Average
Moving averages show the average price of DGICA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $15.66 is above the last closing price of $15.04 and the 50 day moving average of $16.62 is above the last closing price of $15.04. The 10 and 20 day periods can predict short term moving average trends.
Donegal Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Donegal. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Donegal bollinger bands show that the stock price is $15.04, upper band is 16.73, lower band is 14.59, and the average is 15.66.
Donegal 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 Donegal MACD indicator can be used to identify bullish and bearish trends for the stock.
Donegal 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 DGICA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.