Materialise Technical Analysis (NASDAQ:MTLS)
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 Materialise stock price data and volume are plotted in MTLS stock charts and these trading charts form the basis of technical analysis.
See Materialise bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Materialise stock analysis.
Materialise Moving Average
Moving averages show the MTLS 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 $12.99 is above the price of $12.84.
Materialise Bollinger Bands
Bollinger bands comprise of a center line usually MTLS SMA, and two MTLS 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. Materialise bollinger bands show that the stock price is $12.84, upper band is 13.63, lower band is 12.36, and the average is 12.99.
Materialise 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 Materialise MACD line is below the signal line.
Materialise 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. The relative strength index of MTLS stock is 49.37.