MiX Telematics Technical Analysis (NYSE:MIXT)
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 MIXT stock chart pattern can give those who understand technical analysis an indication of which way MIXT stock is headed, but cannot predict with 100% certainty as to what can happen to the MiX Telematics stock price.
See MiX Telematics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for MiX Telematics stock analysis that does not care for the fair value of a company but uses price and volume data only.
MiX Telematics Moving Average
Moving averages show the average price of MIXT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for MiX Telematics are mostly signals of long term trends and will help long term traders.
MiX Telematics Bollinger Bands
Bollinger bands comprise of a center line usually MIXT SMA, and two MIXT 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 $15.52 is in the lower range of MiX Telematics bollinger bands.
MiX Telematics 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 MiX Telematics MACD line is below the signal line.
MiX Telematics Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 29.41 is the RSI value of MIXT stock.