Silicon Image Technical Analysis (NASDAQ:SIMG)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A SIMG stock chart pattern can give those who understand technical analysis an indication of which way SIMG stock is headed, but cannot predict with 100% certainty as to what can happen to the Silicon Image 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 Silicon Image. 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 Silicon Image stock analysis.
Silicon Image Moving Average:
Moving averages help predict the price direction of SIMG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for SIMG trend identification. A rising moving average shows that stock prices are generally increasing.
Silicon Image 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 SIMG stock. Silicon Image bollinger bands show that the stock price is $7.28, upper band is 8.78, lower band is 8.06, and the average is 8.42.
Silicon Image Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Silicon Image MACD indicator is below 0 indicating a bearish trend.
Silicon Image Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of SIMG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .