Dolby Technical Analysis (NYSE:DLB)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future Dolby stock price movements is formed, the DLB stock chart can become a key tool for a technical analyst.
See Dolby bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Dolby stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Dolby Moving Average:
Moving averages show the average price of DLB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling DLB moving average implies that Dolby stock price is falling.
Dolby Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Dolby. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Dolby bollinger bands show that the stock price is $53.39, upper band is 21.74, lower band is 18.13, and the average is 19.93.
Dolby 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 Dolby MACD indicator can be used to identify bullish and bearish trends for the stock.
Dolby 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. 75.82 is the RSI value of DLB stock. .