SemiLEDS Technical Analysis (NASDAQ:LEDS)
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 SemiLEDS 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 LEDS stock chart which creates a trading signal.
See SemiLEDS bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 show the LEDS 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 $4.24 is above the price of $4.13.
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 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 $4.13 is in the lower range 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 is below 0 indicating a bearish trend.
SemiLEDS 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 LEDS stock is 43.16.