Digimarc Technical Analysis (NASDAQ:DMRC)
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 Digimarc stock price data and volume are plotted in DMRC 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 Digimarc. The technical analysis form of Digimarc stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Digimarc Moving Average
Moving averages help predict the price direction of DMRC 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 $27.99 is above the last closing price of $27.8 and the 50 day moving average of $31.12 is above the last closing price of $27.8. The 10 and 20 day periods can predict short term moving average trends.
Digimarc Bollinger Bands
Bollinger bands comprise of a center line usually DMRC SMA, and two DMRC 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. The stock price is trading between the average and the lower band in the context of Digimarc bollinger bands.
Digimarc 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 Digimarc MACD indicator can be used to identify bullish and bearish trends for the stock.
Digimarc 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. 66.97 is the RSI value of DMRC stock.