ADIENT PLC Technical Analysis (NYSE:ADNT)
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. The ADNT stock chart pattern can give those who understand technical analysis an indication of which way ADNT stock is headed, but cannot predict with 100% certainty as to what can happen to the ADIENT PLC stock price.
See ADIENT PLC bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for ADIENT PLC stock analysis that does not care for the fair value of a company but uses price and volume data only.
ADIENT PLC Moving Average
Moving averages help predict the price direction of ADNT 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 ADIENT PLC are mostly signals of long term trends and will help long term traders.
ADIENT PLC Bollinger Bands
Bollinger bands comprise of a center line usually ADNT SMA, and two ADNT 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 $50.07 is in the lower range of ADIENT PLC bollinger bands.
ADIENT PLC 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 ADIENT PLC MACD indicator is above 0 indicating a bullish trend.
ADIENT PLC Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 38.59 is the RSI value of ADNT stock.