Endeavour Silver Technical Analysis (NYSE:EXK)
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 Endeavour Silver stock price data and volume are plotted in EXK 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 Endeavour Silver. Technical analysis uses an approach for Endeavour Silver stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Endeavour Silver Moving Average:
Moving averages show the average price of EXK stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer EXK stock price movement for the moving average to change course.
Endeavour Silver Bollinger Bands:
Bollinger bands comprise of a center line usually EXK SMA, and two EXK stock price bands above and below it. The stock is considered over brought 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 Endeavour Silver bollinger bands.
Endeavour Silver 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 Endeavour Silver MACD line is above the signal line.
Endeavour Silver 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. If the RSI of EXK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .