PLX Technology Technical Analysis (NASDAQ:PLXT)
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. When a chart pattern that can predict future PLX Technology stock price movements is formed, the PLXT stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for PLX Technology. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking PLX Technology stock analysis using these technical indicators helps identify trading opportunities.
PLX Technology Moving Average:
Moving averages show the PLXT stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $6.49 is below the last closing price of $6.5 and the 50 day moving average of $6.36 is below the $6.5 price. The 10 and 20 day periods can predict short term moving average trends.
PLX Technology 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 PLXT stock. Currently the stock price of $6.5 is in the upper range of PLX Technology bollinger bands.
PLX Technology 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 PLX Technology MACD line is below the signal line.
PLX Technology 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. 58.33 is the RSI value of PLXT stock. .