Diodes Technical Analysis (NASDAQ:DIOD)
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 Diodes 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 DIOD stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Diodes. Technical analysis uses an approach for Diodes stock analysis that does not care for the fair value of a company but uses price and volume data only.
Diodes Moving Average
Moving averages help predict the price direction of DIOD 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 $28.64 is below the last closing price of $28.98 and the 50 day moving average of $28.94 is below the last closing price of $28.98. The 10 and 20 day periods can predict short term moving average trends.
Diodes Bollinger Bands
Bollinger bands comprise of a center line usually DIOD SMA, and two DIOD stock 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 stock price moves closer towards the lower band. Diodes bollinger bands show that the stock price is $28.98, upper band is 30.72, lower band is 26.57, and the average is 28.64.
Diodes 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 Diodes MACD indicator is below 0 indicating a bearish trend.
Diodes Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 52.86 is the RSI value of DIOD stock.