Scientific Games Technical Analysis (NASDAQ:SGMS)
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 Scientific Games stock price data and volume are plotted in SGMS stock charts and these trading charts form the basis of technical analysis.
See Scientific Games bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Scientific Games stock analysis that does not care for the fair value of a company but uses price and volume data only.
Scientific Games Moving Average
Moving averages show the SGMS 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 $28.55 is above the price of $26.4.
Scientific Games Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Scientific Games. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Scientific Games bollinger bands show that the stock price is $26.4, upper band is 32.8, lower band is 24.29, and the average is 28.55.
Scientific Games 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 Scientific Games MACD indicator can be used to identify bullish and bearish trends for the stock.
Scientific Games 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. If the RSI of SGMS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.