Hollysys Automation Technical Analysis (NASDAQ:HOLI)
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 Hollysys Automation 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 HOLI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, 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 $25.14 is below the last closing price of $25.88 and the 50 day moving average of $24.13 is below the last closing price of $25.88. The 10 and 20 day periods can predict short term moving average trends.
Hollysys Automation Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the HOLI stock. The stock price is trading between the average and the upper band in the context of Hollysys Automation bollinger bands.
Hollysys Automation 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 Hollysys Automation MACD indicator is below 0 indicating a bearish trend.
Hollysys Automation 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. The relative strength index of HOLI stock is 53.67.