BroadSoft Technical Analysis (NASDAQ:BSFT)
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 BSFT stock chart pattern can give those who understand technical analysis an indication of which way BSFT stock is headed, but cannot predict with 100% certainty as to what can happen to the BroadSoft stock price.
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 BroadSoft. Technical analysis uses an approach for BroadSoft stock analysis that does not care for the fair value of a company but uses price and volume data only.
BroadSoft Moving Average
Moving averages show the average price of BSFT 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 $54.88 is below the last closing price of $54.9 and the 50 day moving average of $54.83 is below the last closing price of $54.9. The 10 and 20 day periods can predict short term moving average trends.
BroadSoft 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 BSFT stock. BroadSoft bollinger bands show that the stock price is $54.9, upper band is 55.07, lower band is 54.69, and the average is 54.88.
BroadSoft 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 BroadSoft MACD indicator is above 0 indicating a bullish trend.
BroadSoft 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 BSFT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.