Semiconductor Manufacturing Technical Analysis (NYSE:SMI)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Semiconductor Manufacturing stock price movements is formed, the SMI stock chart can become a key tool for a technical analyst.
See Semiconductor Manufacturing bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Semiconductor Manufacturing stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Semiconductor Manufacturing Moving Average:
Moving averages show the average price of SMI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $5.08 is below the price of $5.5.
Semiconductor Manufacturing 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 SMI stock. Semiconductor Manufacturing bollinger bands show that the stock price is $5.5, upper band is 7.14, lower band is 6.68, and the average is 6.91.
Semiconductor Manufacturing 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 Semiconductor Manufacturing MACD line is below the signal line.
Semiconductor Manufacturing 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. If the RSI of SMI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .