Biostar Pharma Technical Analysis (NASDAQ:BSPM)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Biostar Pharma stock price data and volume are plotted in BSPM stock charts and these trading charts form the basis of technical analysis.
See Biostar Pharma bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Biostar Pharma stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Biostar Pharma Moving Average
Moving averages help predict the price direction of BSPM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.95 is above the price of $1.88.
Biostar Pharma Bollinger Bands
Bollinger bands comprise of a center line usually BSPM SMA, and two BSPM 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. Biostar Pharma bollinger bands show that the stock price is $1.88, upper band is 2.11, lower band is 1.79, and the average is 1.95.
Biostar Pharma 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 Biostar Pharma MACD indicator is below 0 indicating a bearish trend.
Biostar Pharma 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 BSPM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.