DryShips Technical Analysis (NASDAQ:DRYS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The DryShips stock price data and volume are plotted in DRYS stock charts and these trading charts form the basis of technical analysis.
See DryShips bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 DryShips stock analysis.
DryShips Moving Average
Moving averages show the DRYS 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for DryShips are mostly signals of long term trends and will help long term traders.
DryShips Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like DryShips. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $4.36 is in the lower range of DryShips bollinger bands.
DryShips 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 DryShips MACD indicator can be used to identify bullish and bearish trends for the stock.
DryShips 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 DRYS stock is 22.5.