Luxottica Technical Analysis (OTCMKTS:LUXTY)
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 Luxottica 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 LUXTY stock chart which creates a trading signal.
See Luxottica bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Luxottica stock analysis.
Luxottica Moving Average
Moving averages show the LUXTY 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. The 20 day moving average of $60.32 is below the last closing price of $63 and the 50 day moving average of $58.61 is below the last closing price of $63. The 10 and 20 day periods can predict short term moving average trends.
Luxottica Bollinger Bands
Bollinger bands comprise of a center line usually LUXTY SMA, and two LUXTY 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 $63 is in the upper range of Luxottica bollinger bands.
Luxottica 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 Luxottica MACD line is above the signal line.
Luxottica Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 53.41 is the RSI value of LUXTY stock.