Luna Innovations Technical Analysis (NASDAQ:LUNA)
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. The LUNA stock chart pattern can give those who understand technical analysis an indication of which way LUNA stock is headed, but cannot predict with 100% certainty as to what can happen to the Luna Innovations stock price.
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 Luna Innovations. Technical analysis uses an approach for Luna Innovations stock analysis that does not care for the fair value of a company but uses price and volume data only.
Luna Innovations Moving Average
Moving averages show the average price of LUNA 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 $3.2 is above the last closing price of $3 and the 50 day moving average of $3.24 is above the last closing price of $3. The 10 and 20 day periods can predict short term moving average trends.
Luna Innovations 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 LUNA stock. Currently the stock price of $3 is in the lower range of Luna Innovations bollinger bands.
Luna Innovations 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 Luna Innovations MACD indicator is below 0 indicating a bearish trend.
Luna Innovations Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 17.86 is the RSI value of LUNA stock.