Skullcandy Technical Analysis (NASDAQ:SKUL)
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. Just by looking at the Skullcandy stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SKUL stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Skullcandy. The technical analysis form of Skullcandy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Skullcandy Moving Average:
SKUL stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Skullcandy chart patterns after the calculations remain the same. The 100 day moving average of 5.56 is below the last closing price of 6.35. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer SKUL stock price movement for the moving average to change course.
Skullcandy 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 SKUL stock. Skullcandy bollinger bands show that the stock price is $6.35, upper band is 21.14, lower band is 13.76, and the average is 17.45.
Skullcandy 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 Skullcandy MACD indicator is below 0 indicating a bearish trend.
Skullcandy Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of SKUL stock is 66.67. .