Videocon D2H Technical Analysis (NASDAQ:VDTH)
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 VDTH stock chart pattern can give those who understand technical analysis an indication of which way VDTH stock is headed, but cannot predict with 100% certainty as to what can happen to the Videocon D2H stock price.
See Videocon D2H bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Videocon D2H stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Videocon D2H Moving Average
Moving averages help predict the price direction of VDTH 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 $8.17 is below the price of $8.49.
Videocon D2H Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Videocon D2H. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $8.49 is in the upper range of Videocon D2H bollinger bands.
Videocon D2H Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Videocon D2H MACD indicator is below 0 indicating a bearish trend.
Videocon D2H 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. The relative strength index of VDTH stock is 63.35.