Dreyfus High Yield Strategies Fund Technical Analysis (NYSE:DHF)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. Just by looking at the Dreyfus High Yield Strategies Fund 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 DHF Chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Dreyfus High Yield Strategies Fund. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Dreyfus High Yield Strategies Fund Analysis.
Dreyfus High Yield Strategies Fund Moving Average
Moving averages show the DHF 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 $3.18 is below the price of $3.18.
Dreyfus High Yield Strategies Fund Bollinger Bands
Bollinger bands comprise of a center line usually DHF SMA, and two DHF Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. Currently the Price of $3.18 is in the lower range of Dreyfus High Yield Strategies Fund bollinger bands.
Dreyfus High Yield Strategies Fund Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the Price trend, as the indicator is useful in understanding the strength, direction and momentum of the Price. The Dreyfus High Yield Strategies Fund MACD indicator can be used to identify bullish and bearish trends for the stock.
Dreyfus High Yield Strategies Fund 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. The relative strength index of DHF stock is 46.15.