Millennial Media Technical Analysis (NYSE:MM)
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 Millennial Media 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 MM stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Millennial Media. 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 Millennial Media stock analysis.
Millennial Media Moving Average
Moving averages help predict the price direction of MM 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 $1.75 is below the last closing price of $1.75 and the 50 day moving average of $1.6 is below the last closing price of $1.75. The 10 and 20 day periods can predict short term moving average trends.
Millennial Media 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 MM stock. Currently the stock price of $1.75 is in the lower range of Millennial Media bollinger bands.
Millennial Media 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 Millennial Media MACD indicator is below 0 indicating a bearish trend.
Millennial Media 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 . The relative strength index of MM stock is 50.