Priceline Stock Technical Analysis
Priceline (NASDAQ:PCLN) stock price has been declining since the start of the year. However, MACD indicates that there is possibility of trend reversal. The divergence of -10.3 signals possible reversal of the trend. Bollinger bands also point towards upward movement in Priceline stock price. Priceline’s stock price has hit the lower of the Bollinger bands, indicating that the stock price might move up. The RSI indicator further confirms the signal from Bollinger bands. RSI of 14.05 indicates that the stock has been oversold. All the above indicators points towards a change in trend for Priceline stock.
Priceline Technical Chart by Amigobulls
Autodesk Stock Technical Analysis
After breaching the 100 day moving average a couple of trades back, Autodesk (NASDAQ:ADSK) stock price is again testing the 100 day moving average. The stock had marginally breached the 100 day support line on January 15th before rising on January 16th to touch the 100 day moving average line. The RSI of 27.7 tells that the stock is oversold and is likely to move up. The MACD also indiates towards this possibility. The MACD divergence is high at -0.34, indicating that price is likely to rise from its low.
Autodesk Technical by Amigobulls
LinkedIn Stock Technical Analysis
LinkedIn (NYSE:LNKD) stock price has marginally breached the 100 day moving average support line. However, the breach is likely to be temporary with the stock bouncing back to above 100 day moving average range in next two or three trades. The RSI also indicates that the stock is oversold. The MACD divergence is also wide at -1.93, indicating that price might reverse.
LinkedIn Technical Chart by Amigobulls
Advent Software Stock Technical Analysis
Advent Software (NASDAQ:ADVS) stock price has jumped 26% in last fortnight. The Stock has breached the 100 day moving average, and is currently trading in oversold territory. Advent stock price has gone beyond the upper band of the Bollinger bands, indicating that price might erase some of its gains. RSI indicator also confirms the signal emanating from Bollinger bands. The RSI of 76.04 indicates that the stock is in overbought territory. MACD divergence has also widened to 0.74, highest in last six months, indicating that trend reversal is round the corner.
Advent Software Technical Chart by Amigobulls