Other Dcipher reports: Analyst Rank
The current wave of accumulation has outlasted all overhead resistance from sellers and driven DLGS to a new fifty-two week high at 2.990. This preponderance of buying makes the stock one to watch for continued upside momentum. Further demand from investors could bring more new highs. The last trade for DLGS was 2.900 on volume of 126,300 shares traded. In the short term, DLGS may consolidate briefly before resuming its current uptrend.
A Moving Average describes a stock`s price trend with respect to a specific time frame. To calculate a 10-day moving average, the closing prices for the most recent ten days are added together and then divided by ten. This renders the Average price of the stock for the most recent ten sessions. By calculating this average daily using only the most recent data, the average "moves" in conjunction with the underlying stock price. The moving average provides a reliable reference for tracking both trends and performance.
DLGS shows a substantial positive divergence from its 200-day moving average line of more than 50%. Generally, the greater the difference between a stock`s price and this important long-term technical indicator, the steeper will be that stock`s long-term uptrend. A divergence this large from the 200-day line ranks in the top ten percent of the market and is a bullish indication of long-term strength for DLGS.
DLGS is currently trading some 10% higher than the 50-Day Moving Average Line. This is indication that the stock has been in demand with investors within the past ten weeks. If DLGS has recently broken above this intermediate term indicator, then a new uptrend could be underway. However, if the stock has pulled back or consolidated off of recent highs, watch for decreasing volume and volatility as indication of strength in its current trend. Also, watch for DLGS to hold above the 50-day line as confirmation that the current uptrend remains intact.
DLGS has exhibited short-term momentum as implied by its positive divergence from the 10-Day Moving Average Line. Be advised that a pullback or consolidation on profit taking could soon be in order following any additional gains the stock might post in the near-term. If DLGS is also above its 50 or 200-day moving average line, this is technical indication of a long-term uptrend for the stock.
Monitoring a stock`s price in relation to its moving average lines is an effective means of understanding the dynamics of its price trend. When considered with other technical indicators, moving average lines offer powerful insight into price movements. If DLGS is below its 50 or 200-day moving average line, the stock has recently been down trending and the break above the 10-day line could be first indication of a possible recovery.
A "Price Gap" occurs on a chart as demand outweighs supply. When a stock is under accumulation and buy orders exhaust the quantity of available shares priced within a specific range, those seeking to purchase must raise their bid to reach the next point at which holders are willing to sell. With its most recent open at 2.299, DLGS shows a positive opening gap of greater than 5%. If this is accompanied by strong relative volume, the stock could be beginning a new upswing. If there is no news accompanying this price increase, keep a watchful eye for continued strength.
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