Sagent Pharma Technical Analysis (NASDAQ:SGNT)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Sagent Pharma stock price data and volume are plotted in SGNT stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Sagent Pharma. 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 Sagent Pharma stock analysis.
Sagent Pharma Moving Average
Moving averages show the average price of SGNT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $21.73 is below the price of $21.76.
Sagent Pharma Bollinger Bands
Bollinger bands comprise of a center line usually SGNT SMA, and two SGNT 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 Sagent Pharma bollinger bands.
Sagent Pharma 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 Sagent Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
Sagent Pharma 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 SGNT stock is 53.33.