Diana Shipping Technical Analysis (NYSE:DSX)
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 Diana Shipping stock price data and volume are plotted in DSX stock charts and these trading charts form the basis of technical analysis.
See Diana Shipping bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Diana Shipping stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Diana Shipping Moving Average
Moving averages show the average price of DSX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $4.29 is above the last closing price of $4.09 and the 50 day moving average of $4.58 is above the last closing price of $4.09. The 10 and 20 day periods can predict short term moving average trends.
Diana Shipping Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Diana Shipping. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Diana Shipping bollinger bands show that the stock price is $4.09, upper band is 4.64, lower band is 3.95, and the average is 4.29.
Diana Shipping 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 Diana Shipping MACD indicator can be used to identify bullish and bearish trends for the stock.
Diana Shipping 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 . 35 is the RSI value of DSX stock.