Digirad Technical Analysis (NASDAQ:DRAD)
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. The Digirad stock price data and volume are plotted in DRAD 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 Digirad. The technical analysis form of Digirad stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Digirad Moving Average
Moving averages help predict the price direction of DRAD 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 $2.08 is above the last closing price of $1.9 and the 50 day moving average of $2.31 is above the last closing price of $1.9. The 10 and 20 day periods can predict short term moving average trends.
Digirad Bollinger Bands
Bollinger bands comprise of a center line usually DRAD SMA, and two DRAD 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 $1.9 is in the lower range of Digirad bollinger bands.
Digirad 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 Digirad MACD line is above the signal line.
Digirad 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. 37.5 is the RSI value of DRAD stock.