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. The MICT stock chart pattern can give those who understand technical analysis an indication of which way MICT stock is headed, but cannot predict with 100% certainty as to what can happen to the Micronet Enertec stock price.
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. Technical analysis uses an approach for Micronet Enertec stock analysis that does not care for the fair value of a company but uses price and volume data only.
Micronet Enertec Moving Average
Moving averages show the MICT 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. The 20 day moving average of $1.09 is below the last closing price of $1.22 and the 50 day moving average of $1.12 is below the last closing price of $1.22. The 10 and 20 day periods can predict short term moving average trends.
Micronet Enertec Bollinger Bands
Bollinger bands comprise of a center line usually MICT SMA, and two MICT 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. Micronet Enertec bollinger bands show that the stock price is $1.22, upper band is 1.23, lower band is 0.95, and the average is 1.09.
Micronet Enertec 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 Micronet Enertec MACD indicator is below 0 indicating a bearish trend.
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 69.77.