Delek Logistics Technical Analysis (NYSE:DKL)
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. The DKL stock chart pattern can give those who understand technical analysis an indication of which way DKL stock is headed, but cannot predict with 100% certainty as to what can happen to the Delek Logistics 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 Delek Logistics. Technical analysis uses an approach for Delek Logistics stock analysis that does not care for the fair value of a company but uses price and volume data only.
Delek Logistics Moving Average
Moving averages help predict the price direction of DKL 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 $28.88 is below the last closing price of $31.7 and the 50 day moving average of $28.15 is below the last closing price of $31.7. The 10 and 20 day periods can predict short term moving average trends.
Delek Logistics Bollinger Bands
Bollinger bands comprise of a center line usually DKL SMA, and two DKL 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. Currently the stock price of $31.7 is in the upper range of Delek Logistics bollinger bands.
Delek Logistics 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 Logistics MACD indicator can be used to identify bullish and bearish trends for the stock.
Delek Logistics Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 67 is the RSI value of DKL stock.