Origin Agritech Technical Analysis (NASDAQ:SEED)
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. 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.
See Origin Agritech bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Origin Agritech stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Origin Agritech Moving Average
Moving averages show the SEED stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $8.06 is below the price of $10.4.
Origin Agritech Bollinger Bands
Bollinger bands comprise of a center line usually SEED SMA, and two SEED stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. 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 gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Origin Agritech MACD line is below the signal line.
Origin Agritech 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. 73.9 is the RSI value of SEED stock.