Duluth Holdings Technical Analysis (NASDAQ:DLTH)
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 Duluth Holdings 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 DLTH stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Duluth Holdings. Technical analysis uses an approach for Duluth Holdings stock analysis that does not care for the fair value of a company but uses price and volume data only.
Duluth Holdings Moving Average
Moving averages help predict the price direction of DLTH 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 $24.93 is below the last closing price of $29.13 and the 50 day moving average of $23.79 is below the last closing price of $29.13. The 10 and 20 day periods can predict short term moving average trends.
Duluth Holdings Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the DLTH stock. Currently the stock price of $29.13 is in the upper range of Duluth Holdings bollinger bands.
Duluth Holdings 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 Duluth Holdings MACD indicator can be used to identify bullish and bearish trends for the stock.
Duluth Holdings 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 . If the RSI of DLTH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.