Renren Technical Analysis (NYSE:RENN)
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. The RENN stock chart pattern can give those who understand technical analysis an indication of which way RENN stock is headed, but cannot predict with 100% certainty as to what can happen to the Renren stock price.
See Renren bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Renren stock analysis.
Renren Moving Average
Moving averages help predict the price direction of RENN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $9.42 is below the last closing price of $10.19 and the 50 day moving average of $9.27 is below the last closing price of $10.19. The 10 and 20 day periods can predict short term moving average trends.
Renren Bollinger Bands
Bollinger bands comprise of a center line usually RENN SMA, and two RENN 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 Renren bollinger bands.
Renren 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 Renren MACD indicator is below 0 indicating a bearish trend.
Renren 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 . The relative strength index of RENN stock is 84.03.