L S Starrett Technical Analysis (NYSE:SCX)
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. When a chart pattern that can predict future L S Starrett stock price movements is formed, the SCX stock chart can become a key tool for a technical analyst.
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 L S Starrett. The technical analysis form of L S Starrett stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
L S Starrett Moving Average:
Moving averages help predict the price direction of SCX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $7.73 is below the last closing price of $8.65 and the 50 day moving average of $7.75 is below the $8.65 price. The 10 and 20 day periods can predict short term moving average trends.
L S Starrett 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 SCX stock. The stock price is trading between the average and the upper band in the context of L S Starrett bollinger bands.
L S Starrett 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 L S Starrett MACD line is below the signal line.
L S Starrett Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SCX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .