Dorchester Minerals Technical Analysis (NASDAQ:DMLP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Dorchester Minerals stock price data and volume are plotted in DMLP stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Dorchester Minerals. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Dorchester Minerals stock analysis.
Dorchester Minerals Moving Average
Moving averages show the DMLP stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $18.61 is above the price of $18.15.
Dorchester Minerals Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Dorchester Minerals. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Dorchester Minerals bollinger bands show that the stock price is $18.15, upper band is 19.49, lower band is 17.74, and the average is 18.61.
Dorchester Minerals 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 Dorchester Minerals MACD indicator is below 0 indicating a bearish trend.
Dorchester Minerals 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 DMLP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.