Echelon Technical Analysis (NASDAQ:ELON)
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 Echelon stock price data and volume are plotted in ELON stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Echelon. 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 Echelon stock analysis.
Echelon Moving Average
Moving averages show the ELON stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $4.21 is above the last closing price of $4.16 and the 50 day moving average of $4.4 is above the last closing price of $4.16. The 10 and 20 day periods can predict short term moving average trends.
Echelon Bollinger Bands
Bollinger bands comprise of a center line usually ELON SMA, and two ELON 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 Echelon bollinger bands.
Echelon 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 Echelon MACD line is below the signal line.
Echelon Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of ELON stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.