Eros Technical Analysis (NYSE:EROS)
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. The Eros stock price data and volume are plotted in EROS stock charts and these trading charts form the basis of technical analysis.
See Eros 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 Eros stock analysis.
Eros Moving Average
Moving averages show the average price of EROS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Eros are mostly signals of long term trends and will help long term traders.
Eros Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Eros. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $11.3 is in the upper range of Eros bollinger bands.
Eros 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 Eros MACD indicator is below 0 indicating a bearish trend.
Eros 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. 60 is the RSI value of EROS stock.