Arcadia Biosciences Technical Analysis (NASDAQ:RKDA)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Arcadia Biosciences stock price data and volume are plotted in RKDA stock charts and these trading charts form the basis of technical analysis.
See Arcadia Biosciences bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Arcadia Biosciences stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Arcadia Biosciences Moving Average:
Moving averages show the average price of RKDA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling RKDA moving average implies that Arcadia Biosciences stock price is falling.
Arcadia Biosciences Bollinger Bands:
Bollinger bands comprise of a center line usually RKDA SMA, and two RKDA 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. Arcadia Biosciences bollinger bands show that the stock price is $1.7, upper band is 10.69, lower band is 7.81, and the average is 9.25.
Arcadia Biosciences Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Arcadia Biosciences MACD indicator is below 0 indicating a bearish trend.
Arcadia Biosciences 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. The relative strength index of RKDA stock is 27.87. .