Marketo Technical Analysis (NASDAQ:MKTO)
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 Marketo 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 MKTO stock chart which creates a trading signal.
See Marketo bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Marketo stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Marketo Moving Average
Moving averages help predict the price direction of MKTO 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 $35.08 is below the last closing price of $35.25 and the 50 day moving average of $35.01 is below the last closing price of $35.25. The 10 and 20 day periods can predict short term moving average trends.
Marketo Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MKTO stock. Currently the stock price of $35.25 is in the upper range of Marketo bollinger bands.
Marketo 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 Marketo MACD indicator can be used to identify bullish and bearish trends for the stock.
Marketo 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 . 56.9 is the RSI value of MKTO stock.