Dixie Technical Analysis (NASDAQ:DXYN)
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 Dixie stock price data and volume are plotted in DXYN stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Dixie. Technical analysis uses an approach for Dixie stock analysis that does not care for the fair value of a company but uses price and volume data only.
Dixie Moving Average
Moving averages show the DXYN stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Dixie are mostly signals of long term trends and will help long term traders.
Dixie Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Dixie. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Dixie bollinger bands show that the stock price is $2, upper band is 2.11, lower band is 1.46, and the average is 1.79.
Dixie 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 Dixie MACD indicator is below 0 indicating a bearish trend.
Dixie 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 DXYN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.