LightPath Technical Analysis (NASDAQ:LPTH)
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 LightPath 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 LPTH stock chart which creates a trading signal.
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 LightPath. The technical analysis form of LightPath stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
LightPath Moving Average
Moving averages show the average price of LPTH stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for LightPath are mostly signals of long term trends and will help long term traders.
LightPath 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 LPTH stock. The stock price is trading between the average and the lower band in the context of LightPath bollinger bands.
LightPath 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 LightPath MACD line is above the signal line.
LightPath 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 . The relative strength index of LPTH stock is 26.19.