Sevcon Technical Analysis (NASDAQ:SEV)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Sevcon 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 SEV stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Sevcon. The technical analysis form of Sevcon stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Sevcon Moving Average:
Moving averages show the average price of SEV stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for SEV trend identification. A rising moving average shows that stock prices are generally increasing.
Sevcon 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 SEV stock. Currently the stock price of $21.81 is in the lower range of Sevcon bollinger bands.
Sevcon 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 Sevcon MACD line is above the signal line.
Sevcon 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. The relative strength index of SEV stock is 27.69. .