Brooks Automation Technical Analysis (NASDAQ:BRKS)
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 Brooks Automation stock price data and volume are plotted in BRKS stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Brooks Automation. 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 Brooks Automation stock analysis.
Brooks Automation Moving Average
Moving averages show the average price of BRKS 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 $27.69 is below the last closing price of $29.02 and the 50 day moving average of $27.71 is below the last closing price of $29.02. The 10 and 20 day periods can predict short term moving average trends.
Brooks Automation Bollinger Bands
Bollinger bands comprise of a center line usually BRKS SMA, and two BRKS 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 $29.02 is in the upper range of Brooks Automation bollinger bands.
Brooks Automation 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 Brooks Automation MACD indicator is above 0 indicating a bullish trend.
Brooks Automation Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BRKS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.