Mellanox Technologies Technical Analysis (NASDAQ:MLNX)
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 Mellanox Technologies stock price data and volume are plotted in MLNX stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Mellanox Technologies. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Mellanox Technologies stock analysis.
Mellanox Technologies Moving Average
Moving averages show the MLNX 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $63.6 is below the price of $68.7.
Mellanox Technologies Bollinger Bands
Bollinger bands comprise of a center line usually MLNX SMA, and two MLNX 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 upper band in the context of Mellanox Technologies bollinger bands.
Mellanox Technologies 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 Mellanox Technologies MACD indicator can be used to identify bullish and bearish trends for the stock.
Mellanox Technologies 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 . 62.47 is the RSI value of MLNX stock.