Electro Rent Technical Analysis (NASDAQ:ELRC)
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 Electro Rent 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 ELRC stock chart which creates a trading signal.
See Electro Rent 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 Electro Rent stock analysis.
Electro Rent Moving Average
Moving averages show the ELRC 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 $15.47 is below the last closing price of $15.5 and the 50 day moving average of $14.63 is below the last closing price of $15.5. The 10 and 20 day periods can predict short term moving average trends.
Electro Rent 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 ELRC stock. Electro Rent bollinger bands show that the stock price is $15.5, upper band is 15.51, lower band is 15.44, and the average is 15.47.
Electro Rent 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 Electro Rent MACD indicator can be used to identify bullish and bearish trends for the stock.
Electro Rent 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 . 52.63 is the RSI value of ELRC stock.