Euroseas Technical Analysis (NASDAQ:ESEA)
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 Euroseas 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 ESEA 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 Euroseas. Technical analysis uses an approach for Euroseas stock analysis that does not care for the fair value of a company but uses price and volume data only.
Euroseas Moving Average
Moving averages show the ESEA 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 $2.26 is below the last closing price of $2.45 and the 50 day moving average of $2.19 is below the last closing price of $2.45. The 10 and 20 day periods can predict short term moving average trends.
Euroseas Bollinger Bands
Bollinger bands comprise of a center line usually ESEA SMA, and two ESEA 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. The stock price is trading between the average and the upper band in the context of Euroseas bollinger bands.
Euroseas 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 Euroseas MACD line is above the signal line.
Euroseas Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ESEA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.