MULESOFT INC Technical Analysis (NYSE:MULE)
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 MULE stock chart pattern can give those who understand technical analysis an indication of which way MULE stock is headed, but cannot predict with 100% certainty as to what can happen to the MULESOFT INC stock price.
See MULESOFT INC bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for MULESOFT INC stock analysis that does not care for the fair value of a company but uses price and volume data only.
MULESOFT INC Moving Average
Moving averages show the average price of MULE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $44.38 is below the price of $44.57.
MULESOFT INC Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like MULESOFT INC. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $44.57 is in the upper range of MULESOFT INC bollinger bands.
MULESOFT INC 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 MULESOFT INC MACD indicator can be used to identify bullish and bearish trends for the stock.
MULESOFT INC 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 MULE stock is 57.97.