Sajan Technical Analysis (NASDAQ:SAJA)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Sajan stock price data and volume are plotted in SAJA stock charts and these trading charts form the basis of technical analysis.
See Sajan 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 Sajan stock analysis.
Sajan Moving Average
Moving averages show the average price of SAJA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $5.81 is below the last closing price of $5.82 and the 50 day moving average of $5.77 is below the last closing price of $5.82. The 10 and 20 day periods can predict short term moving average trends.
Sajan Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Sajan. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Sajan bollinger bands show that the stock price is $5.82, upper band is 5.83, lower band is 5.78, and the average is 5.81.
Sajan 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 Sajan MACD line is below the signal line.
Sajan 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 . 50 is the RSI value of SAJA stock.