Avid Tech Technical Analysis (NASDAQ:AVID)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Avid Tech 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 AVID stock chart which creates a trading signal.
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 Avid Tech. 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 Avid Tech stock analysis.
Avid Tech Moving Average:
Moving averages help predict the price direction of AVID 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 $4.39 is below the price of $4.49.
Avid Tech Bollinger Bands:
Bollinger bands comprise of a center line usually AVID SMA, and two AVID 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. Avid Tech bollinger bands show that the stock price is $4.49, upper band is 60.26, lower band is 54.48, and the average is 57.37.
Avid Tech 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 Avid Tech MACD indicator can be used to identify bullish and bearish trends for the stock.
Avid Tech 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. If the RSI of AVID stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .