DTF Tax-Free Income Fund Technical Analysis (NYSE:DTF)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. The DTF Chart pattern can give those who understand technical analysis an indication of which way DTF stock is headed, but cannot predict with 100% certainty as to what can happen to the DTF Tax-Free Income Fund Price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for DTF Tax-Free Income Fund. The technical analysis form of DTF Tax-Free Income Fund Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
DTF Tax-Free Income Fund Moving Average
Moving averages help predict the price direction of DTF 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 $13.34 is above the price of $13.32.
DTF Tax-Free Income Fund Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like DTF Tax-Free Income Fund. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the Price of $13.32 is in the lower range of DTF Tax-Free Income Fund bollinger bands.
DTF Tax-Free Income Fund 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 Prices will go up. The DTF Tax-Free Income Fund MACD line is below the signal line.
DTF Tax-Free Income Fund 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. If the RSI of DTF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.