Dreyfus Strategic Municipal Technical Analysis (NYSE:LEO)
Technical analysis is the study of Price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The LEO Chart pattern can give those who understand technical analysis an indication of which way LEO stock is headed, but cannot predict with 100% certainty as to what can happen to the Dreyfus Strategic Municipal Price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Dreyfus Strategic Municipal. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Dreyfus Strategic Municipal Analysis.
Dreyfus Strategic Municipal Moving Average
Moving averages show the average price of LEO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.65 is above the price of $7.47.
Dreyfus Strategic Municipal 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 LEO stock. The Price is trading between the average and the lower band in the context of Dreyfus Strategic Municipal bollinger bands.
Dreyfus Strategic Municipal 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 Prices will go up. The Dreyfus Strategic Municipal MACD indicator is below 0 indicating a bearish trend.
Dreyfus Strategic Municipal Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of LEO stock is 18.42.