Globus Maritime Technical Analysis (NASDAQ:GLBS)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The GLBS stock chart pattern can give those who understand technical analysis an indication of which way GLBS stock is headed, but cannot predict with 100% certainty as to what can happen to the Globus Maritime stock price.
See Globus Maritime bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Globus Maritime stock analysis.
Globus Maritime Moving Average
Moving averages show the average price of GLBS 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 $0.72 is above the last closing price of $0.55 and the 50 day moving average of $0.76 is above the last closing price of $0.55. The 10 and 20 day periods can predict short term moving average trends.
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. Currently the stock price of $0.55 is in the lower range of Globus Maritime bollinger bands.
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 line is below the signal line.
Globus Maritime 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 GLBS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.