DOMINION EGY MS Technical Analysis (NYSE:DM)
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 DOMINION EGY MS stock price data and volume are plotted in DM stock charts and these trading charts form the basis of technical analysis.
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 DOMINION EGY MS. Technical analysis uses an approach for DOMINION EGY MS stock analysis that does not care for the fair value of a company but uses price and volume data only.
DOMINION EGY MS Moving Average
Moving averages help predict the price direction of DM 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 $15.73 is below the last closing price of $16.05 and the 50 day moving average of $14.66 is below the last closing price of $16.05. The 10 and 20 day periods can predict short term moving average trends.
DOMINION EGY MS Bollinger Bands
Bollinger bands comprise of a center line usually DM SMA, and two DM 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 $16.05 is in the upper range of DOMINION EGY MS bollinger bands.
DOMINION EGY MS 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 DOMINION EGY MS MACD indicator is above 0 indicating a bullish trend.
DOMINION EGY MS 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. The relative strength index of DM stock is 61.02.