Daily Journal Technical Analysis (NASDAQ:DJCO)
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. Just by looking at the Daily Journal 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 DJCO stock chart which creates a trading signal.
See Daily Journal bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Daily Journal stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Daily Journal Moving Average
Moving averages show the average price of DJCO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $234.41 is above the price of $230.
Daily Journal Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Daily Journal. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Daily Journal bollinger bands show that the stock price is $230, upper band is 241.87, lower band is 226.94, and the average is 234.41.
Daily Journal Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Daily Journal MACD indicator is below 0 indicating a bearish trend.
Daily Journal 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. 49.8 is the RSI value of DJCO stock.