Destination XL Technical Analysis (NASDAQ:DXLG)
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 Destination XL stock price data and volume are plotted in DXLG stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Destination XL. Technical analysis uses an approach for Destination XL stock analysis that does not care for the fair value of a company but uses price and volume data only.
Destination XL Moving Average
Moving averages help predict the price direction of DXLG 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 $2.18 is above the price of $2.13.
Destination XL Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Destination XL. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $2.13 is in the lower range of Destination XL bollinger bands.
Destination XL 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 Destination XL MACD indicator is above 0 indicating a bullish trend.
Destination XL 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 . If the RSI of DXLG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.