Elecsys Technical Analysis (NASDAQ:ESYS)

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$17.46 $0.01 (0.06%) ESYS stock closing price Jan 22, 2015 (Closing)

Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The ESYS stock chart pattern can give those who understand technical analysis an indication of which way ESYS stock is headed, but cannot predict with 100% certainty as to what can happen to the Elecsys stock price.

See Elecsys bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Elecsys stock analysis that does not care for the fair value of a company but uses price and volume data only.

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Elecsys Moving Average

Moving averages show the ESYS 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 $17.37 is below the last closing price of $17.46 and the 50 day moving average of $17.35 is below the last closing price of $17.46. The 10 and 20 day periods can predict short term moving average trends.

Elecsys Bollinger Bands

Bollinger bands comprise of a center line usually ESYS SMA, and two ESYS 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. Elecsys bollinger bands show that the stock price is $17.46, upper band is 17.47, lower band is 17.28, and the average is 17.37.

Elecsys 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 Elecsys MACD indicator can be used to identify bullish and bearish trends for the stock.

Elecsys Relative Strength Index

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ESYS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.