Applied DNA Sciences Technical Analysis (NASDAQ:APDN)
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. The Applied DNA Sciences stock price data and volume are plotted in APDN stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Applied DNA Sciences. 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 Applied DNA Sciences stock analysis.
Applied DNA Sciences Moving Average
Moving averages show the average price of APDN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $1.33 is above the last closing price of $1.11 and the 50 day moving average of $1.36 is above the last closing price of $1.11. The 10 and 20 day periods can predict short term moving average trends.
Applied DNA Sciences Bollinger Bands
Bollinger bands comprise of a center line usually APDN SMA, and two APDN 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 $1.11 is in the lower range of Applied DNA Sciences bollinger bands.
Applied DNA Sciences 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 Applied DNA Sciences MACD indicator can be used to identify bullish and bearish trends for the stock.
Applied DNA Sciences 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. The relative strength index of APDN stock is 69.18.