Bitauto Holdings Technical Analysis (NYSE:BITA)
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 BITA stock chart pattern can give those who understand technical analysis an indication of which way BITA stock is headed, but cannot predict with 100% certainty as to what can happen to the Bitauto Holdings stock price.
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 Bitauto Holdings. 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 Bitauto Holdings stock analysis.
Bitauto Holdings Moving Average
Moving averages show the average price of BITA 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 $20.92 is below the last closing price of $20.98 and the 50 day moving average of $25.78 is above the last closing price of $20.98. The 10 and 20 day periods can predict short term moving average trends.
Bitauto Holdings Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Bitauto Holdings. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Bitauto Holdings bollinger bands show that the stock price is $20.98, upper band is 22.38, lower band is 19.46, and the average is 20.92.
Bitauto Holdings 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 Bitauto Holdings MACD indicator is below 0 indicating a bearish trend.
Bitauto Holdings 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 BITA stock is 46.22.