MTGE INVESTMENT Technical Analysis (NASDAQ:MTGE)
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 MTGE INVESTMENT 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 MTGE stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for MTGE INVESTMENT. Technical analysis uses an approach for MTGE INVESTMENT stock analysis that does not care for the fair value of a company but uses price and volume data only.
MTGE INVESTMENT Moving Average
Moving averages show the MTGE 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 $17.81 is above the price of $17.7.
MTGE INVESTMENT 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 MTGE stock. MTGE INVESTMENT bollinger bands show that the stock price is $17.7, upper band is 18.05, lower band is 17.57, and the average is 17.81.
MTGE INVESTMENT 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 MTGE INVESTMENT MACD indicator can be used to identify bullish and bearish trends for the stock.
MTGE INVESTMENT 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 MTGE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.