Anadigics Technical Analysis (NASDAQ:ANAD)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Anadigics 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 ANAD stock chart which creates a trading signal.
See Anadigics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Anadigics stock analysis.
Anadigics Moving Average
Moving averages show the average price of ANAD stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Anadigics are mostly signals of long term trends and will help long term traders.
Anadigics Bollinger Bands
Bollinger bands comprise of a center line usually ANAD SMA, and two ANAD 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 $0.85 is in the upper range of Anadigics bollinger bands.
Anadigics 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 Anadigics MACD indicator can be used to identify bullish and bearish trends for the stock.
Anadigics Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 73.17 is the RSI value of ANAD stock.