Kandi Technologies Technical Analysis (NASDAQ:KNDI)
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 Kandi Technologies 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 KNDI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Kandi Technologies. The technical analysis form of Kandi Technologies stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Kandi Technologies Moving Average
Moving averages show the average price of KNDI 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 $4.29 is below the last closing price of $5.4 and the 50 day moving average of $4.17 is below the last closing price of $5.4. The 10 and 20 day periods can predict short term moving average trends.
Kandi Technologies Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Kandi Technologies. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Kandi Technologies bollinger bands.
Kandi Technologies 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 Kandi Technologies MACD line is below the signal line.
Kandi Technologies Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of KNDI stock is 66.67.