Denbury Resources Technical Analysis (NYSE:DNR)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Denbury Resources 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 DNR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Denbury Resources. The technical analysis form of Denbury Resources stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Denbury Resources Moving Average
Moving averages show the DNR 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 $5.24 is below the last closing price of $5.29 and the 50 day moving average of $4.85 is below the last closing price of $5.29. The 10 and 20 day periods can predict short term moving average trends.
Denbury Resources Bollinger Bands
Bollinger bands comprise of a center line usually DNR SMA, and two DNR 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. Denbury Resources bollinger bands show that the stock price is $5.29, upper band is 5.66, lower band is 4.82, and the average is 5.24.
Denbury Resources 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 Denbury Resources MACD line is below the signal line.
Denbury Resources 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 . The relative strength index of DNR stock is 48.42.