Endocyte Technical Analysis (NASDAQ:ECYT)
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 Endocyte 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 ECYT stock chart which creates a trading signal.
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 Endocyte. Technical analysis uses an approach for Endocyte stock analysis that does not care for the fair value of a company but uses price and volume data only.
Endocyte Moving Average
Moving averages help predict the price direction of ECYT 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 $18.6 is above the price of $17.97.
Endocyte 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 ECYT stock. Currently the stock price of $17.97 is in the lower range of Endocyte bollinger bands.
Endocyte Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Endocyte MACD indicator can be used to identify bullish and bearish trends for the stock.
Endocyte Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 41.47 is the RSI value of ECYT stock.