ELEVATE CREDIT Technical Analysis (NYSE:ELVT)
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 ELEVATE CREDIT stock price data and volume are plotted in ELVT 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 ELEVATE CREDIT. The technical analysis form of ELEVATE CREDIT stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
ELEVATE CREDIT Moving Average
Moving averages show the ELVT 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 $9.43 is below the last closing price of $9.71 and the 50 day moving average of $9.17 is below the last closing price of $9.71. The 10 and 20 day periods can predict short term moving average trends.
ELEVATE CREDIT Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ELEVATE CREDIT. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of ELEVATE CREDIT bollinger bands.
ELEVATE CREDIT 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 ELEVATE CREDIT MACD indicator is below 0 indicating a bearish trend.
ELEVATE CREDIT 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 ELVT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.