Dycom Industries Technical Analysis (NYSE:DY)
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 DY stock chart pattern can give those who understand technical analysis an indication of which way DY stock is headed, but cannot predict with 100% certainty as to what can happen to the Dycom Industries stock price.
See Dycom Industries bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Dycom Industries stock analysis.
Dycom Industries Moving Average
Moving averages show the average price of DY 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 $95.28 is below the last closing price of $99.42 and the 50 day moving average of $102.7 is above the last closing price of $99.42. The 10 and 20 day periods can predict short term moving average trends.
Dycom Industries 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 DY stock. Currently the stock price of $99.42 is in the upper range of Dycom Industries bollinger bands.
Dycom Industries 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 Dycom Industries MACD line is above the signal line.
Dycom Industries 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 DY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.