Gevo Technical Analysis (NASDAQ:GEVO)
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 Gevo 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 GEVO stock chart which creates a trading signal.
See Gevo bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Gevo stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Gevo Moving Average
Moving averages show the GEVO stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $3.63 is above the last closing price of $3.18 and the 50 day moving average of $5.03 is above the last closing price of $3.18. The 10 and 20 day periods can predict short term moving average trends.
Gevo Bollinger Bands
Bollinger bands comprise of a center line usually GEVO SMA, and two GEVO 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. Gevo bollinger bands show that the stock price is $3.18, upper band is 4.35, lower band is 2.91, and the average is 3.63.
Gevo 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 Gevo MACD indicator is above 0 indicating a bullish trend.
Gevo 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 . The relative strength index of GEVO stock is 39.06.