Quest Diagnostics Technical Analysis (NYSE:DGX)
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 Quest Diagnostics stock price data and volume are plotted in DGX stock charts and these trading charts form the basis of technical analysis.
See Quest Diagnostics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Quest Diagnostics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Quest Diagnostics Moving Average
Moving averages help predict the price direction of DGX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $102.4 is below the price of $102.6.
Quest Diagnostics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Quest Diagnostics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Quest Diagnostics bollinger bands show that the stock price is $102.6, upper band is 108.18, lower band is 96.62, and the average is 102.4.
Quest Diagnostics 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 Quest Diagnostics MACD indicator can be used to identify bullish and bearish trends for the stock.
Quest Diagnostics 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 DGX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.