Leju Holdings Technical Analysis (NYSE:LEJU)
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 Leju Holdings 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 LEJU stock chart which creates a trading signal.
See Leju Holdings bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Leju Holdings stock analysis that does not care for the fair value of a company but uses price and volume data only.
Leju Holdings Moving Average
Moving averages help predict the price direction of LEJU stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.42 is below the price of $1.45.
Leju Holdings 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 LEJU stock. The stock price is trading between the average and the upper band in the context of Leju Holdings bollinger bands.
Leju Holdings 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 Leju Holdings MACD indicator can be used to identify bullish and bearish trends for the stock.
Leju Holdings Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of LEJU stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.