Mattel Technical Analysis (NASDAQ:MAT)
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. Just by looking at the Mattel 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 MAT stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Mattel. 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 Mattel stock analysis.
Mattel Moving Average
Moving averages help predict the price direction of MAT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Mattel are mostly signals of long term trends and will help long term traders.
Mattel Bollinger Bands
Bollinger bands comprise of a center line usually MAT SMA, and two MAT 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. Mattel bollinger bands show that the stock price is $15.88, upper band is 16.53, lower band is 15.3, and the average is 15.91.
Mattel 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 Mattel MACD line is above the signal line.
Mattel Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of MAT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.