Bolt Technology Technical Analysis (NASDAQ:BOLT)
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 BOLT stock chart pattern can give those who understand technical analysis an indication of which way BOLT stock is headed, but cannot predict with 100% certainty as to what can happen to the Bolt Technology stock price.
See Bolt Technology bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Bolt Technology stock analysis that does not care for the fair value of a company but uses price and volume data only.
Bolt Technology Moving Average
Moving averages help predict the price direction of BOLT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $21.94 is below the last closing price of $21.99 and the 50 day moving average of $21.93 is below the last closing price of $21.99. The 10 and 20 day periods can predict short term moving average trends.
Bolt Technology Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Bolt Technology. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $21.99 is in the upper range of Bolt Technology bollinger bands.
Bolt Technology Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Bolt Technology MACD indicator is below 0 indicating a bearish trend.
Bolt Technology 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 . If the RSI of BOLT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.