BioScrip Technical Analysis (NASDAQ:BIOS)
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. A BIOS stock chart pattern can give those who understand technical analysis an indication of which way BIOS stock is headed, but cannot predict with 100% certainty as to what can happen to the BioScrip stock price.
See BioScrip bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of BioScrip stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
BioScrip Moving Average:
BIOS stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of BioScrip chart patterns after the calculations remain the same. The 100 day moving average of 2.23 is below the last closing price of 3.09. The 20 day moving average of $2.91 is below the last closing price of $3.09 and the 50 day moving average of $2.8 is below the $3.09 price. The 10 and 20 day periods can predict short term moving average trends.
BioScrip Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the BIOS stock. Currently the stock price of $3.09 is in the upper range of BioScrip bollinger bands.
BioScrip 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 BioScrip MACD indicator can be used to identify bullish and bearish trends for the stock.
BioScrip 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 BIOS stock is 58.06. .