Magal Security Technical Analysis (NASDAQ:MAGS)
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 Magal Security 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 MAGS 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 Magal Security. 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 Magal Security stock analysis.
Magal Security Moving Average
Moving averages show the average price of MAGS 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 $5.43 is below the last closing price of $5.52 and the 50 day moving average of $5.67 is above the last closing price of $5.52. The 10 and 20 day periods can predict short term moving average trends.
Magal Security 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 MAGS stock. The stock price is trading between the average and the upper band in the context of Magal Security bollinger bands.
Magal Security 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 Magal Security MACD indicator can be used to identify bullish and bearish trends for the stock.
Magal Security 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 MAGS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.