Rada Electronics Technical Analysis (NASDAQ:RADA)
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 Rada Electronics 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 RADA stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Rada Electronics. The technical analysis form of Rada Electronics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Rada Electronics Moving Average:
RADA stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Rada Electronics chart patterns after the calculations remain the same. The 100 day moving average of 1.42 is below the last closing price of 2.1. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Rada Electronics are mostly signals of long term trends and will help long term traders.
Rada Electronics Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Rada Electronics stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of Rada Electronics bollinger bands.
Rada Electronics 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 Rada Electronics MACD indicator is below 0 indicating a bearish trend.
Rada Electronics 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. If the RSI of RADA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .