Baltic Trading Technical Analysis (NYSE:BALT)
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 BALT stock chart pattern can give those who understand technical analysis an indication of which way BALT stock is headed, but cannot predict with 100% certainty as to what can happen to the Baltic Trading stock price.
See Baltic Trading bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Baltic Trading stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Baltic Trading Moving Average
Moving averages show the BALT stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.55 is above the price of $1.5.
Baltic Trading Bollinger Bands
Bollinger bands comprise of a center line usually BALT SMA, and two BALT 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. Baltic Trading bollinger bands show that the stock price is $1.5, upper band is 1.65, lower band is 1.46, and the average is 1.55.
Baltic Trading 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 Baltic Trading MACD indicator can be used to identify bullish and bearish trends for the stock.
Baltic Trading Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of BALT stock is 42.55.