Global-Tech Advanced Technical Analysis (NASDAQ:GAI)

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$8.8 $0.01 (0.11%) GAI stock closing price Mar 21, 2016 (Closing)

Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Global-Tech Advanced 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 GAI stock chart which creates a trading signal.

See Global-Tech Advanced bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Global-Tech Advanced stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.

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Global-Tech Advanced Moving Average

Moving averages show the average price of GAI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $8.64 is below the last closing price of $8.8 and the 50 day moving average of $8.44 is below the last closing price of $8.8. The 10 and 20 day periods can predict short term moving average trends.

Global-Tech Advanced Bollinger Bands

Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the GAI stock. Currently the stock price of $8.8 is in the upper range 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 indicator is below 0 indicating a bearish trend.

Global-Tech Advanced 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 GAI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.

GAI Stock Details

Prev Close* $8.81
Open $8.76
Day Low $8.75
Day High $8.82
Volume 23,461
52 Week High $8.82
52 Week Low $2.75
Market Cap