SHIFTPIXY INC Technical Analysis (NASDAQ:PIXY)
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 SHIFTPIXY 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 PIXY 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 SHIFTPIXY INC. The technical analysis form of SHIFTPIXY 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.
SHIFTPIXY INC Moving Average
Moving averages show the PIXY 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 $3.05 is above the price of $3.
SHIFTPIXY INC Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like SHIFTPIXY INC. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $3 is in the lower range of SHIFTPIXY INC bollinger bands.
SHIFTPIXY 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 SHIFTPIXY INC MACD indicator can be used to identify bullish and bearish trends for the stock.
SHIFTPIXY INC Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of PIXY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.