Rand Logistics Technical Analysis (OTCMKTS:RLOGQ)
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 RLOGQ stock chart pattern can give those who understand technical analysis an indication of which way RLOGQ stock is headed, but cannot predict with 100% certainty as to what can happen to the Rand Logistics stock price.
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 Rand Logistics. The technical analysis form of Rand Logistics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Rand Logistics Moving Average
Moving averages help predict the price direction of RLOGQ stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $0.17 is above the price of $0.01.
Rand Logistics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Rand Logistics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $0.01 is in the lower range of Rand Logistics bollinger bands.
Rand Logistics 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 Rand Logistics MACD indicator is below 0 indicating a bearish trend.
Rand Logistics 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. 14.48 is the RSI value of RLOGQ stock.