Ballard Power Systems Technical Analysis (NASDAQ:BLDP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Ballard Power Systems stock price data and volume are plotted in BLDP stock charts and these trading charts form the basis of technical analysis.
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 Ballard Power Systems. The technical analysis form of Ballard Power Systems stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ballard Power Systems Moving Average
Moving averages help predict the price direction of BLDP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Ballard Power Systems are mostly signals of long term trends and will help long term traders.
Ballard Power Systems 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 BLDP stock. Ballard Power Systems bollinger bands show that the stock price is $3.01, upper band is 3.21, lower band is 2.96, and the average is 3.09.
Ballard Power Systems 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 Ballard Power Systems MACD indicator is above 0 indicating a bullish trend.
Ballard Power Systems Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 43.08 is the RSI value of BLDP stock.