Seanergy Maritime Technical Analysis (NASDAQ:SHIP)
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 Seanergy Maritime stock price data and volume are plotted in SHIP stock charts and these trading charts form the basis of technical analysis.
See Seanergy Maritime bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Seanergy Maritime stock analysis that does not care for the fair value of a company but uses price and volume data only.
Seanergy Maritime Moving Average
Moving averages show the average price of SHIP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Seanergy Maritime are mostly signals of long term trends and will help long term traders.
Seanergy Maritime Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Seanergy Maritime. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $0.93 is in the lower range of Seanergy Maritime bollinger bands.
Seanergy Maritime 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 Seanergy Maritime MACD line is below the signal line.
Seanergy Maritime 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. 35.51 is the RSI value of SHIP stock.