Mattersight Technical Analysis (NASDAQ:MATR)
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. The MATR stock chart pattern can give those who understand technical analysis an indication of which way MATR stock is headed, but cannot predict with 100% certainty as to what can happen to the Mattersight 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 Mattersight. The technical analysis form of Mattersight stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Mattersight Moving Average
Moving averages help predict the price direction of MATR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $2.58 is below the price of $2.65.
Mattersight Bollinger Bands
Bollinger bands comprise of a center line usually MATR SMA, and two MATR 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. The stock price is trading between the average and the upper band in the context of Mattersight bollinger bands.
Mattersight 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 Mattersight MACD indicator can be used to identify bullish and bearish trends for the stock.
Mattersight 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. The relative strength index of MATR stock is 55.