SemiLEDS Technical Analysis (NASDAQ:LEDS)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The SemiLEDS stock price data and volume are plotted in LEDS stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for SemiLEDS. Technical analysis uses an approach for SemiLEDS stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
SemiLEDS Moving Average:
Moving averages help predict the price direction of LEDS 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 $2.16 is above the last closing price of $1.89 and the 50 day moving average of $2.41 is above the $1.89 price. The 10 and 20 day periods can predict short term moving average trends.
SemiLEDS Bollinger Bands:
Bollinger bands comprise of a center line usually LEDS SMA, and two LEDS stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of SemiLEDS bollinger bands.
SemiLEDS 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 SemiLEDS MACD indicator can be used to identify bullish and bearish trends for the stock.
SemiLEDS Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 43.38 is the RSI value of LEDS stock. .