Resource America Technical Analysis (NASDAQ:REXI)
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. Just by looking at the Resource America 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 REXI stock chart which creates a trading signal.
See Resource America bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Resource America stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Resource America Moving Average
Moving averages show the REXI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $9.76 is below the last closing price of $9.78 and the 50 day moving average of $9.75 is below the last closing price of $9.78. The 10 and 20 day periods can predict short term moving average trends.
Resource America Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Resource America. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $9.78 is in the upper range of Resource America bollinger bands.
Resource America 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 Resource America MACD line is above the signal line.
Resource America 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 REXI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.