Dynegy Technical Analysis (NYSE:DYN)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Dynegy stock 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 DYN stock chart which creates a trading signal.
See Dynegy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Dynegy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Dynegy Moving Average
Moving averages show the DYN 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $13.26 is above the price of $12.81.
Dynegy 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 DYN stock. Dynegy bollinger bands show that the stock price is $12.81, upper band is 13.72, lower band is 12.81, and the average is 13.26.
Dynegy 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 Dynegy MACD line is below the signal line.
Dynegy 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 DYN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.