Mitcham Industries Technical Analysis (NASDAQ:MIND)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The MIND stock chart pattern can give those who understand technical analysis an indication of which way MIND stock is headed, but cannot predict with 100% certainty as to what can happen to the Mitcham Industries stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Mitcham Industries. Technical analysis uses an approach for Mitcham Industries stock analysis that does not care for the fair value of a company but uses price and volume data only.
Mitcham Industries Moving Average
Moving averages help predict the price direction of MIND stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $4.03 is above the last closing price of $3.98 and the 50 day moving average of $4.02 is above the last closing price of $3.98. The 10 and 20 day periods can predict short term moving average trends.
Mitcham Industries Bollinger Bands
Bollinger bands comprise of a center line usually MIND SMA, and two MIND 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. Currently the stock price of $3.98 is in the lower range of Mitcham Industries bollinger bands.
Mitcham Industries 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 Mitcham Industries MACD indicator is below 0 indicating a bearish trend.
Mitcham Industries 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 . If the RSI of MIND stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.