King Digital Entertainment Technical Analysis (NYSE:KING)
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 King Digital Entertainment stock price data and volume are plotted in KING 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 King Digital Entertainment. Technical analysis uses an approach for King Digital Entertainment stock analysis that does not care for the fair value of a company but uses price and volume data only.
King Digital Entertainment Moving Average
Moving averages help predict the price direction of KING stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $17.96 is below the last closing price of $18 and the 50 day moving average of $17.9 is below the last closing price of $18. The 10 and 20 day periods can predict short term moving average trends.
King Digital Entertainment Bollinger Bands
Bollinger bands comprise of a center line usually KING SMA, and two KING stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $18 is in the upper range of King Digital Entertainment bollinger bands.
King Digital Entertainment Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The King Digital Entertainment MACD indicator is below 0 indicating a bearish trend.
King Digital Entertainment 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 KING stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.