Sony Corp Technical Analysis (NYSE:SNE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Sony Corp 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 SNE stock chart which creates a trading signal.
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 Sony Corp. 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 Sony Corp stock analysis.
Sony Corp Moving Average:
Moving averages show the average price of SNE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer SNE stock price movement for the moving average to change course.
Sony Corp Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SNE stock. Currently the stock price of $32.49 is in the upper range of Sony Corp bollinger bands.
Sony Corp 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 Sony Corp MACD indicator is below 0 indicating a bearish trend.
Sony Corp Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 71.13 is the RSI value of SNE stock. .