Diodes Technical Analysis (NASDAQ:DIOD)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A DIOD stock chart pattern can give those who understand technical analysis an indication of which way DIOD stock is headed, but cannot predict with 100% certainty as to what can happen to the Diodes stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Diodes. 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 Diodes stock analysis.
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. Moving averages can be used for DIOD trend identification. A rising moving average shows that stock prices are generally increasing.
Diodes Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Diodes stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Diodes bollinger bands.
Diodes 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 Diodes MACD line is above the signal line.
Diodes 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 DIOD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .