Yongye Technical Analysis (NASDAQ:YONG)
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. A YONG stock chart pattern can give those who understand technical analysis an indication of which way YONG stock is headed, but cannot predict with 100% certainty as to what can happen to the Yongye stock price.
See Yongye bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Yongye stock analysis using these technical indicators helps identify trading opportunities.
Yongye Moving Average:
Moving averages help predict the price direction of YONG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Yongye are mostly signals of long term trends and will help long term traders.
Yongye 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 YONG stock. The stock price is trading between the average and the lower band in the context of Yongye bollinger bands.
Yongye 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 Yongye MACD indicator can be used to identify bullish and bearish trends for the stock.
Yongye 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 YONG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .