Sungy Mobile Technical Analysis (NASDAQ:GOMO)
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 GOMO stock chart pattern can give those who understand technical analysis an indication of which way GOMO stock is headed, but cannot predict with 100% certainty as to what can happen to the Sungy Mobile stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sungy Mobile. The technical analysis form of Sungy 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.
Sungy Mobile Moving Average
Moving averages help predict the price direction of GOMO 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 $4.79 is below the price of $4.81.
Sungy Mobile Bollinger Bands
Bollinger bands comprise of a center line usually GOMO SMA, and two GOMO 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 Sungy Mobile bollinger bands.
Sungy Mobile 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 Sungy Mobile MACD indicator can be used to identify bullish and bearish trends for the stock.
Sungy Mobile Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 53.33 is the RSI value of GOMO stock.