Millennial Media Technical Analysis (NYSE:MM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Millennial Media stock price data and volume are plotted in MM stock charts and these trading charts form the basis of technical analysis.
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 Millennial Media. 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 Millennial Media stock analysis.
Millennial Media Moving Average:
Moving averages help predict the price direction of MM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $224.23 is below the last closing price of $1.75 and the 50 day moving average of $199.81 is below the $1.75 price. The 10 and 20 day periods can predict short term moving average trends.
Millennial Media Bollinger Bands:
Bollinger bands comprise of a center line usually MM SMA, and two MM stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Millennial Media bollinger bands show that the stock price is $1.75, upper band is 105.33, lower band is 97.69, and the average is 101.51.
Millennial Media 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 Millennial Media MACD line is above the signal line.
Millennial Media Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of MM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .