Sony Corp Technical Analysis (NYSE:SNE)
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 Sony Corp stock price data and volume are plotted in SNE 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 Sony Corp. Technical analysis uses an approach for Sony Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sony Corp Moving Average
Moving averages help predict the price direction of SNE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $48.55 is below the last closing price of $49.56 and the 50 day moving average of $48.37 is below the last closing price of $49.56. The 10 and 20 day periods can predict short term moving average trends.
Sony 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 SNE stock. The stock price is trading between the average and the upper band in the context of Sony Corp bollinger bands.
Sony Corp 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 Sony Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
Sony Corp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SNE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.