DelMar Pharma Technical Analysis (NASDAQ:DMPI)
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 DelMar Pharma 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 DMPI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for DelMar Pharma. 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 DelMar Pharma stock analysis.
DelMar Pharma Moving Average
Moving averages show the DMPI 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. The 20 day moving average of $0.63 is below the last closing price of $0.8 and the 50 day moving average of $0.59 is below the last closing price of $0.8. The 10 and 20 day periods can predict short term moving average trends.
DelMar Pharma 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 DMPI stock. DelMar Pharma bollinger bands show that the stock price is $0.8, upper band is 0.82, lower band is 0.43, and the average is 0.63.
DelMar Pharma 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 DelMar Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
DelMar Pharma Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of DMPI stock is 80.67.