Sirius XM Technical Analysis (NASDAQ:SIRI)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Sirius XM stock price data and volume are plotted in SIRI stock charts and these trading charts form the basis of technical analysis.
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. Moving averages can be used for SIRI trend identification. A rising moving average shows that stock prices are generally increasing.
Sirius XM 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 SIRI stock. The stock price is trading between the average and the lower band in the context of Sirius XM bollinger bands.
Sirius XM 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 Sirius XM MACD indicator can be used to identify bullish and bearish trends for the stock.
Sirius XM Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 39.73 is the RSI value of SIRI stock. .