Jazz Pharma Technical Analysis (NASDAQ:JAZZ)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Jazz Pharma 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 JAZZ stock chart which creates a trading signal.
See Jazz Pharma bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Jazz Pharma stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Jazz Pharma Moving Average
Moving averages show the JAZZ stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $168.2 is above the price of $161.93.
Jazz Pharma Bollinger Bands
Bollinger bands comprise of a center line usually JAZZ SMA, and two JAZZ 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. Currently the stock price of $161.93 is in the lower range of Jazz Pharma bollinger bands.
Jazz Pharma 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 Jazz Pharma MACD indicator is above 0 indicating a bullish trend.
Jazz Pharma Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 21.83 is the RSI value of JAZZ stock.