Glu Mobile Technical Analysis (NASDAQ:GLUU)
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 Glu Mobile 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 GLUU stock chart which creates a trading signal.
See Glu Mobile bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Glu Mobile stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Glu Mobile Moving Average
Moving averages show the average price of GLUU stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.04 is below the price of $6.31.
Glu Mobile Bollinger Bands
Bollinger bands comprise of a center line usually GLUU SMA, and two GLUU 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 Glu Mobile bollinger bands.
Glu Mobile Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Glu Mobile MACD indicator can be used to identify bullish and bearish trends for the stock.
Glu Mobile Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of GLUU stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.