Edgewater Technology Technical Analysis (NASDAQ:EDGW)
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 EDGW stock chart pattern can give those who understand technical analysis an indication of which way EDGW stock is headed, but cannot predict with 100% certainty as to what can happen to the Edgewater Technology stock price.
See Edgewater Technology bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Edgewater Technology stock analysis.
Edgewater Technology Moving Average
Moving averages show the average price of EDGW stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Edgewater Technology are mostly signals of long term trends and will help long term traders.
Edgewater Technology Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Edgewater Technology. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Edgewater Technology bollinger bands show that the stock price is $5.1, upper band is 5.23, lower band is 4.77, and the average is 5.
Edgewater Technology 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 Edgewater Technology MACD indicator is below 0 indicating a bearish trend.
Edgewater Technology Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of EDGW stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.