Sigma Designs Technical Analysis (NASDAQ:SIGM)
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 SIGM stock chart pattern can give those who understand technical analysis an indication of which way SIGM stock is headed, but cannot predict with 100% certainty as to what can happen to the Sigma Designs stock price.
See Sigma Designs bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Sigma Designs stock analysis.
Sigma Designs Moving Average
Moving averages show the SIGM 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 20 day moving average of $6.18 is above the last closing price of $6.15 and the 50 day moving average of $6.23 is above the last closing price of $6.15. The 10 and 20 day periods can predict short term moving average trends.
Sigma Designs Bollinger Bands
Bollinger bands comprise of a center line usually SIGM SMA, and two SIGM 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. Sigma Designs bollinger bands show that the stock price is $6.15, upper band is 6.27, lower band is 6.1, and the average is 6.19.
Sigma Designs 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 Sigma Designs MACD line is below the signal line.
Sigma Designs Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 41.67 is the RSI value of SIGM stock.