Anadigics Technical Analysis (NASDAQ:ANAD)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Anadigics stock price movements is formed, the ANAD stock chart can become a key tool for a technical analyst.
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 Anadigics. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Anadigics stock analysis using these technical indicators helps identify trading opportunities.
Anadigics Moving Average:
Moving averages help predict the price direction of ANAD stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $0.82 is below the price of $0.85.
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 over brought 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 assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Anadigics MACD indicator can be used to identify bullish and bearish trends for the stock.
Anadigics 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 . If the RSI of ANAD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .