MOLECULAR TEMPL Technical Analysis (NASDAQ:MTEM)
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 MOLECULAR TEMPL 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 MTEM stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for MOLECULAR TEMPL. 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 MOLECULAR TEMPL stock analysis.
MOLECULAR TEMPL Moving Average
Moving averages help predict the price direction of MTEM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $4.88 is above the price of $4.1.
MOLECULAR TEMPL Bollinger Bands
Bollinger bands comprise of a center line usually MTEM SMA, and two MTEM 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 $4.1 is in the lower range of MOLECULAR TEMPL bollinger bands.
MOLECULAR TEMPL 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 MOLECULAR TEMPL MACD indicator is below 0 indicating a bearish trend.
MOLECULAR TEMPL 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 MTEM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.