Delek US Technical Analysis (NYSE:DK)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Delek US 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 DK stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Delek US. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Delek US stock analysis using these technical indicators helps identify trading opportunities.
Delek US Moving Average:
Moving averages show the average price of DK 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 $24.33 is above the price of $21.09.
Delek US Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Delek US. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Delek US bollinger bands show that the stock price is $21.09, upper band is 17.75, lower band is 13.97, and the average is 15.86.
Delek US 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 Delek US MACD line is above the signal line.
Delek US 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 . The relative strength index of DK stock is 11.85. .