MEI Pharma Technical Analysis (NASDAQ:MEIP)
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 MEIP stock chart pattern can give those who understand technical analysis an indication of which way MEIP stock is headed, but cannot predict with 100% certainty as to what can happen to the MEI Pharma stock price.
See MEI Pharma bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 MEI Pharma stock analysis.
MEI Pharma Moving Average
Moving averages show the MEIP stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $4.37 is below the price of $4.51.
MEI Pharma Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like MEI Pharma. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of MEI Pharma bollinger bands.
MEI Pharma Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The MEI Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
MEI Pharma Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of MEIP stock is 59.37.