Golden Enterprises Technical Analysis (NASDAQ:GLDC)
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. The Golden Enterprises stock price data and volume are plotted in GLDC 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 Golden Enterprises. The technical analysis form of Golden Enterprises stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Golden Enterprises Moving Average
Moving averages help predict the price direction of GLDC 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 $11.98 is below the price of $12.
Golden Enterprises Bollinger Bands
Bollinger bands comprise of a center line usually GLDC SMA, and two GLDC 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. Golden Enterprises bollinger bands show that the stock price is $12, upper band is 12.04, lower band is 11.92, and the average is 11.98.
Golden Enterprises 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 Golden Enterprises MACD indicator can be used to identify bullish and bearish trends for the stock.
Golden Enterprises 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 GLDC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.