SanDisk Technical Analysis (NASDAQ:SNDK)
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 SanDisk stock price data and volume are plotted in SNDK stock charts and these trading charts form the basis of technical analysis.
See SanDisk bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of SanDisk stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SanDisk Moving Average
Moving averages show the SNDK stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $75.63 is below the price of $76.18.
SanDisk Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like SanDisk. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. SanDisk bollinger bands show that the stock price is $76.18, upper band is 76.59, lower band is 74.67, and the average is 75.63.
SanDisk 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 SanDisk MACD indicator is below 0 indicating a bearish trend.
SanDisk Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SNDK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.