Medley Capital Technical Analysis (NYSE:MCC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Medley Capital 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 MCC stock chart which creates a trading signal.
See Medley Capital bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Medley Capital stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Medley Capital Moving Average
Moving averages show the average price of MCC 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 $3.48 is below the last closing price of $3.8 and the 50 day moving average of $3.46 is below the last closing price of $3.8. The 10 and 20 day periods can predict short term moving average trends.
Medley Capital Bollinger Bands
Bollinger bands comprise of a center line usually MCC SMA, and two MCC 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 Medley Capital bollinger bands.
Medley Capital 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 Medley Capital MACD indicator can be used to identify bullish and bearish trends for the stock.
Medley Capital 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. 78.12 is the RSI value of MCC stock.