INSEEGO CORP Technical Analysis (NASDAQ:INSG)
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. Just by looking at the INSEEGO CORP 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 INSG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for INSEEGO CORP. The technical analysis form of INSEEGO CORP stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
INSEEGO CORP Moving Average
Moving averages show the average price of INSG 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 $2.08 is below the price of $2.37.
INSEEGO CORP 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 INSG stock. INSEEGO CORP bollinger bands show that the stock price is $2.37, upper band is 2.63, lower band is 1.53, and the average is 2.08.
INSEEGO CORP 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 INSEEGO CORP MACD indicator is below 0 indicating a bearish trend.
INSEEGO CORP 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 . The relative strength index of INSG stock is 66.21.