Mimecast Technical Analysis (NASDAQ:MIME)
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. Just by looking at the Mimecast 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 MIME stock chart which creates a trading signal.
See Mimecast bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Mimecast stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Mimecast Moving Average
Moving averages show the average price of MIME stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $38.92 is above the price of $38.16.
Mimecast Bollinger Bands
Bollinger bands comprise of a center line usually MIME SMA, and two MIME 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 lower band in the context of Mimecast bollinger bands.
Mimecast 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 Mimecast MACD indicator is below 0 indicating a bearish trend.
Mimecast 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. The relative strength index of MIME stock is 51.74.