Remy Technical Analysis (NASDAQ:REMY)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Remy stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the REMY stock chart which creates a trading signal.
See Remy bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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 Remy stock analysis.
Remy Moving Average:
Moving averages help predict the price direction of REMY 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 $4.56 is below the last closing price of $29.48 and the 50 day moving average of $4.71 is above the $29.48 price. The 10 and 20 day periods can predict short term moving average trends.
Remy Bollinger Bands:
Bollinger bands comprise of a center line usually REMY SMA, and two REMY 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. Remy bollinger bands show that the stock price is $29.48, upper band is 11.17, lower band is 9.67, and the average is 10.42.
Remy Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Remy MACD indicator is above 0 indicating a bullish trend.
Remy Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of REMY stock is 60.87. .