Shiloh Industries Technical Analysis (NASDAQ:SHLO)
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 Shiloh Industries stock price data and volume are plotted in SHLO stock charts and these trading charts form the basis of technical analysis.
See Shiloh Industries bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Shiloh Industries stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Shiloh Industries Moving Average
Moving averages show the SHLO 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 $8.39 is above the price of $8.34.
Shiloh Industries Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Shiloh Industries. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Shiloh Industries bollinger bands.
Shiloh Industries 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 Shiloh Industries MACD indicator is above 0 indicating a bullish trend.
Shiloh Industries Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.16 is the RSI value of SHLO stock.