Elbit Imaging Technical Analysis (NASDAQ:EMITF)
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. The Elbit Imaging stock price data and volume are plotted in EMITF 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 Elbit Imaging. The technical analysis form of Elbit Imaging stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Elbit Imaging Moving Average
Moving averages show the EMITF 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 $2.78 is above the last closing price of $2.76 and the 50 day moving average of $2.82 is above the last closing price of $2.76. The 10 and 20 day periods can predict short term moving average trends.
Elbit Imaging Bollinger Bands
Bollinger bands comprise of a center line usually EMITF SMA, and two EMITF 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 $2.76 is in the lower range of Elbit Imaging bollinger bands.
Elbit Imaging Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Elbit Imaging MACD line is above the signal line.
Elbit Imaging Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 38.37 is the RSI value of EMITF stock.