SMTC Corp Technical Analysis (NASDAQ:SMTX)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The SMTX stock chart pattern can give those who understand technical analysis an indication of which way SMTX stock is headed, but cannot predict with 100% certainty as to what can happen to the SMTC Corp stock price.
See SMTC Corp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 SMTC Corp stock analysis.
SMTC Corp Moving Average
Moving averages help predict the price direction of SMTX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $2.6 is above the price of $2.45.
SMTC Corp 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 SMTX stock. Currently the stock price of $2.45 is in the lower range of SMTC Corp bollinger bands.
SMTC Corp 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 SMTC Corp MACD indicator is below 0 indicating a bearish trend.
SMTC Corp 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. 43.22 is the RSI value of SMTX stock.