Micronet Enertec Technical Analysis (NASDAQ:MICT)
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. When a chart pattern that can predict future Micronet Enertec stock price movements is formed, the MICT stock chart can become a key tool for a technical analyst.
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 Micronet Enertec. The technical analysis form of Micronet Enertec stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Micronet Enertec Moving Average:
MICT stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Micronet Enertec chart patterns after the calculations remain the same. The 100 day moving average of 1.09 is above the last closing price of 0.83. A rise in trend over the long term indicates a long term uptrend. Similarly a falling MICT moving average implies that Micronet Enertec stock price is falling.
Micronet Enertec Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Micronet Enertec. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $0.83 is in the upper range of Micronet Enertec bollinger bands.
Micronet Enertec 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 Micronet Enertec MACD indicator can be used to identify bullish and bearish trends for the stock.
Micronet Enertec Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of MICT stock is 44.7. .