Dorian LPG Technical Analysis (NYSE:LPG)
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 LPG stock chart pattern can give those who understand technical analysis an indication of which way LPG stock is headed, but cannot predict with 100% certainty as to what can happen to the Dorian LPG stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Dorian LPG. The technical analysis form of Dorian LPG stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Dorian LPG Moving Average
Moving averages show the average price of LPG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Dorian LPG are mostly signals of long term trends and will help long term traders.
Dorian LPG Bollinger Bands
Bollinger bands comprise of a center line usually LPG SMA, and two LPG 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. Dorian LPG bollinger bands show that the stock price is $7.5, upper band is 8.78, lower band is 7.29, and the average is 8.04.
Dorian LPG 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 Dorian LPG MACD indicator is above 0 indicating a bullish trend.
Dorian LPG 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. 15.72 is the RSI value of LPG stock.