MY SIZE INC Technical Analysis (NASDAQ:MYSZ)
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 MY SIZE INC 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 MYSZ stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for MY SIZE INC. The technical analysis form of MY SIZE INC stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
MY SIZE INC Moving Average
Moving averages help predict the price direction of MYSZ 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 $0.83 is above the price of $0.76.
MY SIZE INC 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 MYSZ stock. MY SIZE INC bollinger bands show that the stock price is $0.76, upper band is 0.97, lower band is 0.69, and the average is 0.83.
MY SIZE INC 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 MY SIZE INC MACD indicator is below 0 indicating a bearish trend.
MY SIZE INC Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of MYSZ stock is 25.75.