Callaway Golf Technical Analysis (NYSE:ELY)
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. Just by looking at the Callaway Golf 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 ELY 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 Callaway Golf. 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 Callaway Golf stock analysis.
Callaway Golf Moving Average
Moving averages help predict the price direction of ELY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $22.97 is below the last closing price of $23.06 and the 50 day moving average of $21.4 is below the last closing price of $23.06. The 10 and 20 day periods can predict short term moving average trends.
Callaway Golf Bollinger Bands
Bollinger bands comprise of a center line usually ELY SMA, and two ELY 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. Currently the stock price of $23.06 is in the upper range of Callaway Golf bollinger bands.
Callaway Golf Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Callaway Golf MACD line is above the signal line.
Callaway Golf Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ELY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.