Sirius XM Technical Analysis (NASDAQ:SIRI)
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 SIRI stock chart pattern can give those who understand technical analysis an indication of which way SIRI stock is headed, but cannot predict with 100% certainty as to what can happen to the Sirius XM 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 Sirius XM. 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 Sirius XM stock analysis.
Sirius XM Moving Average
Moving averages help predict the price direction of SIRI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $5.95 is below the last closing price of $6.11 and the 50 day moving average of $5.64 is below the last closing price of $6.11. The 10 and 20 day periods can predict short term moving average trends.
Sirius XM Bollinger Bands
Bollinger bands comprise of a center line usually SIRI SMA, and two SIRI 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. Currently the stock price of $6.11 is in the upper range of Sirius XM bollinger bands.
Sirius XM 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 Sirius XM MACD line is below the signal line.
Sirius XM Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 57.14 is the RSI value of SIRI stock.