SGOCO Group Technical Analysis (NASDAQ:SGOC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The SGOC stock chart pattern can give those who understand technical analysis an indication of which way SGOC stock is headed, but cannot predict with 100% certainty as to what can happen to the SGOCO Group stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for SGOCO Group. The technical analysis form of SGOCO Group stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SGOCO Group Moving Average
Moving averages help predict the price direction of SGOC 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 $1.05 is above the price of $1.01.
SGOCO Group 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 SGOC stock. The stock price is trading between the average and the lower band in the context of SGOCO Group bollinger bands.
SGOCO Group Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The SGOCO Group MACD indicator is below 0 indicating a bearish trend.
SGOCO Group 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 SGOC stock is 33.74.