Mobile TeleSystems Technical Analysis (NYSE:MBT)
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 MBT stock chart pattern can give those who understand technical analysis an indication of which way MBT stock is headed, but cannot predict with 100% certainty as to what can happen to the Mobile TeleSystems stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Mobile TeleSystems. 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 Mobile TeleSystems stock analysis.
Mobile TeleSystems Moving Average
Moving averages help predict the price direction of MBT 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 $7.73 is below the price of $8.64.
Mobile TeleSystems 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 MBT stock. Currently the stock price of $8.64 is in the upper range of Mobile TeleSystems bollinger bands.
Mobile TeleSystems 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 Mobile TeleSystems MACD indicator can be used to identify bullish and bearish trends for the stock.
Mobile TeleSystems Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 70.4 is the RSI value of MBT stock.