Surgical Care Affiliates Technical Analysis (NASDAQ:SCAI)
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 SCAI stock chart pattern can give those who understand technical analysis an indication of which way SCAI stock is headed, but cannot predict with 100% certainty as to what can happen to the Surgical Care Affiliates stock price.
See Surgical Care Affiliates 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 Surgical Care Affiliates stock analysis.
Surgical Care Affiliates Moving Average
Moving averages show the average price of SCAI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Surgical Care Affiliates are mostly signals of long term trends and will help long term traders.
Surgical Care Affiliates 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 SCAI stock. The stock price is trading between the average and the lower band in the context of Surgical Care Affiliates bollinger bands.
Surgical Care Affiliates 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 Surgical Care Affiliates MACD indicator is above 0 indicating a bullish trend.
Surgical Care Affiliates Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SCAI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.