Mentor Graphics Technical Analysis (NASDAQ:MENT)
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. The Mentor Graphics stock price data and volume are plotted in MENT stock charts and these trading charts form the basis of technical analysis.
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 Mentor Graphics. The technical analysis form of Mentor Graphics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Mentor Graphics Moving Average
Moving averages show the average price of MENT 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 $37.17 is below the last closing price of $37.25 and the 50 day moving average of $37.04 is below the last closing price of $37.25. The 10 and 20 day periods can predict short term moving average trends.
Mentor Graphics 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 MENT stock. Currently the stock price of $37.25 is in the upper range of Mentor Graphics bollinger bands.
Mentor Graphics 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 Mentor Graphics MACD indicator is below 0 indicating a bearish trend.
Mentor Graphics 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 MENT stock is 70.21.