Great Elm Capital Technical Analysis (NASDAQ:GEC)
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 Great Elm Capital 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 GEC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Great Elm Capital. Technical analysis uses an approach for Great Elm Capital stock analysis that does not care for the fair value of a company but uses price and volume data only.
Great Elm Capital Moving Average
Moving averages help predict the price direction of GEC 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 $3.84 is below the last closing price of $3.85 and the 50 day moving average of $3.83 is below the last closing price of $3.85. The 10 and 20 day periods can predict short term moving average trends.
Great Elm Capital Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Great Elm Capital. 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 Great Elm Capital bollinger bands.
Great Elm Capital Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Great Elm Capital MACD indicator can be used to identify bullish and bearish trends for the stock.
Great Elm Capital Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of GEC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.