Maxwell Technologies Technical Analysis (NASDAQ:MXWL)
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 Maxwell Technologies 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 MXWL stock chart which creates a trading signal.
See Maxwell Technologies 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 Maxwell Technologies stock analysis.
Maxwell Technologies Moving Average
Moving averages help predict the price direction of MXWL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $4.23 is above the last closing price of $3.67 and the 50 day moving average of $4.87 is above the last closing price of $3.67. The 10 and 20 day periods can predict short term moving average trends.
Maxwell Technologies Bollinger Bands
Bollinger bands comprise of a center line usually MXWL SMA, and two MXWL 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 $3.67 is in the lower range of Maxwell Technologies bollinger bands.
Maxwell Technologies 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 Maxwell Technologies MACD line is above the signal line.
Maxwell Technologies 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 MXWL stock is 32.28.