Bio-Path Technical Analysis (NASDAQ:BPTH)
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. Just by looking at the Bio-Path stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the BPTH stock chart which creates a trading signal.
See Bio-Path bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Bio-Path stock analysis that does not care for the fair value of a company but uses price and volume data only.
Bio-Path Moving Average
Moving averages show the BPTH 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 $1.35 is above the price of $0.96.
Bio-Path Bollinger Bands
Bollinger bands comprise of a center line usually BPTH SMA, and two BPTH 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. Currently the stock price of $0.96 is in the lower range of Bio-Path bollinger bands.
Bio-Path 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 Bio-Path MACD indicator is below 0 indicating a bearish trend.
Bio-Path Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BPTH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.