GRIDSUM HOLDING Technical Analysis (NASDAQ:GSUM)
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 GSUM stock chart pattern can give those who understand technical analysis an indication of which way GSUM stock is headed, but cannot predict with 100% certainty as to what can happen to the GRIDSUM HOLDING stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for GRIDSUM HOLDING. 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 GRIDSUM HOLDING stock analysis.
GRIDSUM HOLDING Moving Average
Moving averages help predict the price direction of GSUM 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 $6.4 is above the price of $6.17.
GRIDSUM HOLDING Bollinger Bands
Bollinger bands comprise of a center line usually GSUM SMA, and two GSUM 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. GRIDSUM HOLDING bollinger bands show that the stock price is $6.17, upper band is 6.61, lower band is 6.19, and the average is 6.4.
GRIDSUM HOLDING 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 GRIDSUM HOLDING MACD indicator can be used to identify bullish and bearish trends for the stock.
GRIDSUM HOLDING 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. 41.88 is the RSI value of GSUM stock.