Shire Technical Analysis (NASDAQ:SHPG)
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 SHPG stock chart pattern can give those who understand technical analysis an indication of which way SHPG stock is headed, but cannot predict with 100% certainty as to what can happen to the Shire stock price.
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 Shire. The technical analysis form of Shire stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Shire Moving Average
Moving averages show the SHPG 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Shire are mostly signals of long term trends and will help long term traders.
Shire Bollinger Bands
Bollinger bands comprise of a center line usually SHPG SMA, and two SHPG 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 Shire bollinger bands.
Shire 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 Shire MACD line is above the signal line.
Shire Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SHPG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.