Geeknet Technical Analysis (NASDAQ:GKNT)
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. The Geeknet stock price data and volume are plotted in GKNT stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Geeknet. The technical analysis form of Geeknet stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Geeknet Moving Average
Moving averages help predict the price direction of GKNT 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 $19.95 is below the last closing price of $19.98 and the 50 day moving average of $16.79 is below the last closing price of $19.98. The 10 and 20 day periods can predict short term moving average trends.
Geeknet Bollinger Bands
Bollinger bands comprise of a center line usually GKNT SMA, and two GKNT 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. The stock price is trading between the average and the upper band in the context of Geeknet bollinger bands.
Geeknet 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 Geeknet MACD indicator is below 0 indicating a bearish trend.
Geeknet Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of GKNT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.