Bassett Furniture Technical Analysis (NASDAQ:BSET)
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 BSET stock chart pattern can give those who understand technical analysis an indication of which way BSET stock is headed, but cannot predict with 100% certainty as to what can happen to the Bassett Furniture stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Bassett Furniture. 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 Bassett Furniture stock analysis.
Bassett Furniture Moving Average
Moving averages help predict the price direction of BSET 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 $24.62 is above the last closing price of $23.3 and the 50 day moving average of $26.38 is above the last closing price of $23.3. The 10 and 20 day periods can predict short term moving average trends.
Bassett Furniture Bollinger Bands
Bollinger bands comprise of a center line usually BSET SMA, and two BSET 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. The stock price is trading between the average and the lower band in the context of Bassett Furniture bollinger bands.
Bassett Furniture 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 Bassett Furniture MACD indicator can be used to identify bullish and bearish trends for the stock.
Bassett Furniture Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of BSET stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.