Model N Technical Analysis (NYSE:MODN)
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. Just by looking at the Model N 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 MODN 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 Model N. Technical analysis uses an approach for Model N stock analysis that does not care for the fair value of a company but uses price and volume data only.
Model N Moving Average
Moving averages show the average price of MODN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $18.63 is above the last closing price of $16.5 and the 50 day moving average of $18.31 is above the last closing price of $16.5. The 10 and 20 day periods can predict short term moving average trends.
Model N Bollinger Bands
Bollinger bands comprise of a center line usually MODN SMA, and two MODN 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 $16.5 is in the lower range of Model N bollinger bands.
Model N 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 Model N MACD indicator is below 0 indicating a bearish trend.
Model N Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of MODN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.