iDreamSky Technical Analysis (NASDAQ:DSKY)
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 DSKY stock chart pattern can give those who understand technical analysis an indication of which way DSKY stock is headed, but cannot predict with 100% certainty as to what can happen to the iDreamSky stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for iDreamSky. 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 iDreamSky stock analysis.
iDreamSky Moving Average
Moving averages help predict the price direction of DSKY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for iDreamSky are mostly signals of long term trends and will help long term traders.
iDreamSky Bollinger Bands
Bollinger bands comprise of a center line usually DSKY SMA, and two DSKY 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 upper band in the context of iDreamSky bollinger bands.
iDreamSky 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 iDreamSky MACD indicator can be used to identify bullish and bearish trends for the stock.
iDreamSky 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. 88.64 is the RSI value of DSKY stock.