Seneca Foods Technical Analysis (NASDAQ:SENEA)
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 Seneca Foods 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 SENEA stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Seneca Foods. 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 Seneca Foods stock analysis.
Seneca Foods Moving Average
Moving averages help predict the price direction of SENEA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $29.55 is above the price of $28.6.
Seneca Foods Bollinger Bands
Bollinger bands comprise of a center line usually SENEA SMA, and two SENEA 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. Seneca Foods bollinger bands show that the stock price is $28.6, upper band is 31.02, lower band is 28.07, and the average is 29.54.
Seneca Foods 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 Seneca Foods MACD indicator is below 0 indicating a bearish trend.
Seneca Foods 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 . 29.67 is the RSI value of SENEA stock.