Globus Maritime Technical Analysis (NASDAQ:GLBS)
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 Globus Maritime 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 GLBS stock chart which creates a trading signal.
See Globus Maritime bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Globus Maritime stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Globus Maritime Moving Average
Moving averages help predict the price direction of GLBS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $0.43 is below the price of $0.43.
Globus Maritime Bollinger Bands
Bollinger bands comprise of a center line usually GLBS SMA, and two GLBS 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. Globus Maritime bollinger bands show that the stock price is $0.43, upper band is 0.5, lower band is 0.35, and the average is 0.43.
Globus Maritime 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 Globus Maritime MACD indicator can be used to identify bullish and bearish trends for the stock.
Globus Maritime 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. The relative strength index of GLBS stock is 53.31.