Acacia Research Technical Analysis (NASDAQ:ACTG)
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. Just by looking at the Acacia Research 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 ACTG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Acacia Research. 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 Acacia Research stock analysis.
Acacia Research Moving Average
Moving averages show the ACTG stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $3.75 is below the price of $3.95.
Acacia Research Bollinger Bands
Bollinger bands comprise of a center line usually ACTG SMA, and two ACTG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $3.95 is in the upper range of Acacia Research bollinger bands.
Acacia Research 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 Acacia Research MACD indicator can be used to identify bullish and bearish trends for the stock.
Acacia Research Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ACTG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.