ExamWorks Technical Analysis (NYSE:EXAM)
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 ExamWorks 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 EXAM stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for ExamWorks. 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 ExamWorks stock analysis.
ExamWorks Moving Average
Moving averages help predict the price direction of EXAM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $35 is below the last closing price of $35.06 and the 50 day moving average of $34.9 is below the last closing price of $35.06. The 10 and 20 day periods can predict short term moving average trends.
ExamWorks Bollinger Bands
Bollinger bands comprise of a center line usually EXAM SMA, and two EXAM 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 $35.06 is in the upper range of ExamWorks bollinger bands.
ExamWorks 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 ExamWorks MACD indicator can be used to identify bullish and bearish trends for the stock.
ExamWorks 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. The relative strength index of EXAM stock is 61.63.