Rentrak Technical Analysis (NASDAQ:RENT)
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. Just by looking at the Rentrak 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 RENT 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 Rentrak. The technical analysis form of Rentrak stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Rentrak Moving Average
Moving averages help predict the price direction of RENT 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 $45.29 is above the last closing price of $44.47 and the 50 day moving average of $46.82 is above the last closing price of $44.47. The 10 and 20 day periods can predict short term moving average trends.
Rentrak Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Rentrak. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Rentrak bollinger bands.
Rentrak 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 Rentrak MACD line is above the signal line.
Rentrak 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 RENT stock is 55.22.