iShares Select Dividend ETF Technical Analysis (NASDAQ:DVY)
Technical analysis is the study of Price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the iShares Select Dividend ETF Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the DVY Chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for iShares Select Dividend ETF. Technical analysis uses an approach for iShares Select Dividend ETF Analysis that does not care for the fair value of a company but uses price and volume data only.
iShares Select Dividend ETF Moving Average
Moving averages help predict the price direction of DVY 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 iShares Select Dividend ETF are mostly signals of long term trends and will help long term traders.
iShares Select Dividend ETF Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the DVY stock. The Price is trading between the average and the upper band in the context of iShares Select Dividend ETF bollinger bands.
iShares Select Dividend ETF Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The iShares Select Dividend ETF MACD line is above the signal line.
iShares Select Dividend ETF 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 DVY stock is 64.58.