Global-Tech Advanced Technical Analysis (NASDAQ:GAI)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future Global-Tech Advanced stock price movements is formed, the GAI stock chart can become a key tool for a technical analyst.
See Global-Tech Advanced bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Global-Tech Advanced stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Global-Tech Advanced Moving Average:
Moving averages show the GAI stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling GAI moving average implies that Global-Tech Advanced stock price is falling.
Global-Tech Advanced Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Global-Tech Advanced. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Global-Tech Advanced bollinger bands.
Global-Tech Advanced 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 Global-Tech Advanced MACD line is below the signal line.
Global-Tech Advanced Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of GAI stock is 64.53. .