Diamond Foods Technical Analysis (NASDAQ:DMND)
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 DMND stock chart pattern can give those who understand technical analysis an indication of which way DMND stock is headed, but cannot predict with 100% certainty as to what can happen to the Diamond Foods 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 Diamond Foods. Technical analysis uses an approach for Diamond Foods stock analysis that does not care for the fair value of a company but uses price and volume data only.
Diamond Foods Moving Average
Moving averages help predict the price direction of DMND stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Diamond Foods are mostly signals of long term trends and will help long term traders.
Diamond Foods Bollinger Bands
Bollinger bands comprise of a center line usually DMND SMA, and two DMND 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 $37.56 is in the upper range of Diamond Foods bollinger bands.
Diamond Foods Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Diamond Foods MACD line is above the signal line.
Diamond Foods 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 . 83.37 is the RSI value of DMND stock.