QuinStreet Technical Analysis (NASDAQ:QNST)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the QuinStreet 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 QNST stock chart which creates a trading signal.
See QuinStreet bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for QuinStreet stock analysis that does not care for the fair value of a company but uses price and volume data only.
QuinStreet Moving Average
Moving averages help predict the price direction of QNST 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 $13.92 is below the price of $14.31.
QuinStreet Bollinger Bands
Bollinger bands comprise of a center line usually QNST SMA, and two QNST 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. The stock price is trading between the average and the upper band in the context of QuinStreet bollinger bands.
QuinStreet 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 QuinStreet MACD indicator can be used to identify bullish and bearish trends for the stock.
QuinStreet 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 QNST stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.