MDC Holdings Technical Analysis (NYSE:MDC)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the MDC Holdings 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 MDC stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for MDC Holdings. Technical analysis uses an approach for MDC Holdings stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
MDC Holdings Moving Average:
Moving averages show the MDC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer MDC stock price movement for the moving average to change course.
MDC Holdings Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of MDC Holdings stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of MDC Holdings bollinger bands.
MDC Holdings 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 MDC Holdings MACD line is above the signal line.
MDC Holdings Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of MDC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .