EMC Insurance Technical Analysis (NASDAQ:EMCI)
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 EMC Insurance 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 EMCI 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 EMC Insurance. Technical analysis uses an approach for EMC Insurance stock analysis that does not care for the fair value of a company but uses price and volume data only.
EMC Insurance Moving Average
Moving averages show the average price of EMCI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $26.94 is below the price of $27.46.
EMC Insurance Bollinger Bands
Bollinger bands comprise of a center line usually EMCI SMA, and two EMCI 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. EMC Insurance bollinger bands show that the stock price is $27.46, upper band is 27.84, lower band is 26.05, and the average is 26.94.
EMC Insurance 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 EMC Insurance MACD line is below the signal line.
EMC Insurance Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of EMCI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.