Douglas Dynamics Technical Analysis (NYSE:PLOW)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The PLOW stock chart pattern can give those who understand technical analysis an indication of which way PLOW stock is headed, but cannot predict with 100% certainty as to what can happen to the Douglas Dynamics stock price.
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 Douglas Dynamics. 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 Douglas Dynamics stock analysis.
Douglas Dynamics Moving Average
Moving averages show the PLOW stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $46.83 is below the price of $47.65.
Douglas Dynamics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Douglas Dynamics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Douglas Dynamics bollinger bands.
Douglas Dynamics 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 stock prices will go up. The Douglas Dynamics MACD indicator is above 0 indicating a bullish trend.
Douglas Dynamics 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. 59.3 is the RSI value of PLOW stock.