Hollysys Automation Technical Analysis (NASDAQ:HOLI)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Hollysys Automation stock price data and volume are plotted in HOLI 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 Hollysys Automation. Technical analysis uses an approach for Hollysys Automation stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Hollysys Automation Moving Average:
Moving averages show the average price of HOLI 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 $20.42 is below the last closing price of $20.48 and the 50 day moving average of $19.43 is below the $20.48 price. The 10 and 20 day periods can predict short term moving average trends.
Hollysys Automation Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Hollysys Automation. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Hollysys Automation bollinger bands show that the stock price is $20.48, upper band is 7.22, lower band is 5.26, and the average is 6.24.
Hollysys Automation 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 Hollysys Automation MACD line is below the signal line.
Hollysys Automation 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 . 51.11 is the RSI value of HOLI stock. .