MIND C.T.I. Technical Analysis (NASDAQ:MNDO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The MIND C.T.I. stock price data and volume are plotted in MNDO stock charts and these trading charts form the basis of technical analysis.
See MIND C.T.I. bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for MIND C.T.I. stock analysis that does not care for the fair value of a company but uses price and volume data only.
MIND C.T.I. Moving Average
Moving averages help predict the price direction of MNDO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for MIND C.T.I. are mostly signals of long term trends and will help long term traders.
MIND C.T.I. Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like MIND C.T.I.. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. MIND C.T.I. bollinger bands show that the stock price is $2.16, upper band is 2.17, lower band is 2.1, and the average is 2.14.
MIND C.T.I. Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The MIND C.T.I. MACD indicator is above 0 indicating a bullish trend.
MIND C.T.I. Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of MNDO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.