RLJ Entertainment Technical Analysis (NASDAQ:RLJE)
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. The RLJE stock chart pattern can give those who understand technical analysis an indication of which way RLJE stock is headed, but cannot predict with 100% certainty as to what can happen to the RLJ Entertainment stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for RLJ Entertainment. Technical analysis uses an approach for RLJ Entertainment stock analysis that does not care for the fair value of a company but uses price and volume data only.
RLJ Entertainment Moving Average
Moving averages show the RLJE 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for RLJ Entertainment are mostly signals of long term trends and will help long term traders.
RLJ Entertainment Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RLJE stock. RLJ Entertainment bollinger bands show that the stock price is $6.19, upper band is 6.26, lower band is 6.16, and the average is 6.21.
RLJ Entertainment 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 RLJ Entertainment MACD line is below the signal line.
RLJ Entertainment 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. The relative strength index of RLJE stock is 46.75.