Sigma Labs Technical Analysis (NASDAQ:SGLB)
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. The Sigma Labs stock price data and volume are plotted in SGLB stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sigma Labs. 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 Sigma Labs stock analysis.
Sigma Labs Moving Average
Moving averages show the SGLB 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 $1.64 is above the price of $1.59.
Sigma Labs Bollinger Bands
Bollinger bands comprise of a center line usually SGLB SMA, and two SGLB 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. Currently the stock price of $1.59 is in the lower range of Sigma Labs bollinger bands.
Sigma Labs 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 Sigma Labs MACD indicator is below 0 indicating a bearish trend.
Sigma Labs 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 . The relative strength index of SGLB stock is 41.25.