Origin Agritech Technical Analysis (NASDAQ:SEED)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Origin Agritech stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SEED stock chart which creates a trading signal.
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 Origin Agritech. 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 Origin Agritech stock analysis.
Origin Agritech Moving Average:
Moving averages help predict the price direction of SEED stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling SEED moving average implies that Origin Agritech stock price is falling.
Origin Agritech Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Origin Agritech. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Origin Agritech bollinger bands.
Origin Agritech 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 Origin Agritech MACD indicator is below 0 indicating a bearish trend.
Origin Agritech Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of SEED stock is 48. .