Dresser-Rand Technical Analysis (NYSE:DRC)
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 Dresser-Rand stock price data and volume are plotted in DRC 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 Dresser-Rand. 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 Dresser-Rand stock analysis.
Dresser-Rand Moving Average
Moving averages help predict the price direction of DRC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $84.79 is below the price of $85.18.
Dresser-Rand Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Dresser-Rand. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $85.18 is in the upper range of Dresser-Rand bollinger bands.
Dresser-Rand 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 Dresser-Rand MACD indicator can be used to identify bullish and bearish trends for the stock.
Dresser-Rand 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. The relative strength index of DRC stock is 71.21.