Lightbridge Technical Analysis (NASDAQ:LTBR)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Lightbridge 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 LTBR 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 Lightbridge. Technical analysis uses an approach for Lightbridge stock analysis that does not care for the fair value of a company but uses price and volume data only.
Lightbridge Moving Average
Moving averages show the average price of LTBR 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 $0.89 is below the last closing price of $0.89 and the 50 day moving average of $0.96 is above the last closing price of $0.89. The 10 and 20 day periods can predict short term moving average trends.
Lightbridge 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 LTBR stock. The stock price is trading between the average and the lower band in the context of Lightbridge bollinger bands.
Lightbridge 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 Lightbridge MACD indicator is above 0 indicating a bullish trend.
Lightbridge Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 47.69 is the RSI value of LTBR stock.