MDC Holdings Technical Analysis (NYSE:MDC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The MDC stock chart pattern can give those who understand technical analysis an indication of which way MDC stock is headed, but cannot predict with 100% certainty as to what can happen to the MDC Holdings stock price.
See MDC Holdings bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of MDC Holdings stock analysis.
MDC Holdings Moving Average
Moving averages help predict the price direction of MDC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $31.9 is above the price of $30.73.
MDC Holdings 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 MDC stock. The stock price is trading between the average and the lower 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 indicator is below 0 indicating a bearish trend.
MDC Holdings 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 MDC stock is 36.09.