Communications Systems Technical Analysis (NASDAQ:JCS)
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 Communications Systems 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 JCS stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Communications Systems. Technical analysis uses an approach for Communications Systems stock analysis that does not care for the fair value of a company but uses price and volume data only.
Communications Systems Moving Average
Moving averages help predict the price direction of JCS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $3.74 is below the last closing price of $3.75 and the 50 day moving average of $3.78 is above the last closing price of $3.75. The 10 and 20 day periods can predict short term moving average trends.
Communications Systems 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 JCS stock. Communications Systems bollinger bands show that the stock price is $3.75, upper band is 4.01, lower band is 3.47, and the average is 3.74.
Communications Systems 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 Communications Systems MACD indicator is below 0 indicating a bearish trend.
Communications Systems 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 . If the RSI of JCS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.