Merus Labs International Technical Analysis (NASDAQ:MSLI)
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. Just by looking at the Merus Labs International 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 MSLI 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 Merus Labs International. Technical analysis uses an approach for Merus Labs International stock analysis that does not care for the fair value of a company but uses price and volume data only.
Merus Labs International Moving Average
Moving averages show the MSLI 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 $1.26 is below the price of $1.3.
Merus Labs International Bollinger Bands
Bollinger bands comprise of a center line usually MSLI SMA, and two MSLI 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. Merus Labs International bollinger bands show that the stock price is $1.3, upper band is 1.31, lower band is 1.21, and the average is 1.26.
Merus Labs International 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 Merus Labs International MACD indicator can be used to identify bullish and bearish trends for the stock.
Merus Labs International Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of MSLI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.