Diamond Hill Investment Technical Analysis (NASDAQ:DHIL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Diamond Hill Investment stock price data and volume are plotted in DHIL stock charts and these trading charts form the basis of technical analysis.
See Diamond Hill Investment bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Diamond Hill Investment stock analysis.
Diamond Hill Investment Moving Average
Moving averages help predict the price direction of DHIL 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 $190.36 is above the last closing price of $186.51 and the 50 day moving average of $194.4 is above the last closing price of $186.51. The 10 and 20 day periods can predict short term moving average trends.
Diamond Hill Investment Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Diamond Hill Investment. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Diamond Hill Investment bollinger bands show that the stock price is $186.51, upper band is 197.16, lower band is 183.55, and the average is 190.35.
Diamond Hill Investment 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 Diamond Hill Investment MACD indicator is above 0 indicating a bullish trend.
Diamond Hill Investment Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of DHIL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.