Traders and investors analyze technical indicators when they make market entry and exit decisions. Moving averages and the RSI (relative strength index) are among the most widely used technical indicators.
Generally, an RSI below 30 signifies that a stock has been oversold while an RSI above 70 indicates that a stock has been overbought. In this final part of the series, we’ll look at Dish Network’s (DISH) technical indicators and compare them with those of other media companies.
100-day moving averages
On October 28, 2016, Dish Network (DISH) was trading 8.3% above its 100-day moving average. In comparison, Comcast (CMCSA) was trading 6.2% below its 100-day moving average while AT&T (T) was trading 10.9% below its 100-day moving average. Charter Communications (CHTR) was trading 0.1% above its 100-day moving average on the day.
Relative strength index
Dish Network currently has a 14-day RSI reading of 57. In comparison, AT&T has a 14-day RSI reading of 21, which leads us to believe that the stock has been oversold.
Dish Network makes up 0.2% of the PowerShares QQQ Trust, Series 1, ETF (QQQ). For an investor interested in exposure to the television and radio sector, QQQ has 5.4% exposure to the sector.