Sonic Foundry Technical Analysis (NASDAQ:SOFO)
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 SOFO stock chart pattern can give those who understand technical analysis an indication of which way SOFO stock is headed, but cannot predict with 100% certainty as to what can happen to the Sonic Foundry stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sonic Foundry. Technical analysis uses an approach for Sonic Foundry stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sonic Foundry Moving Average
Moving averages help predict the price direction of SOFO 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 $2.15 is above the last closing price of $2 and the 50 day moving average of $2.21 is above the last closing price of $2. The 10 and 20 day periods can predict short term moving average trends.
Sonic Foundry Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Sonic Foundry. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Sonic Foundry bollinger bands show that the stock price is $2, upper band is 2.39, lower band is 1.92, and the average is 2.15.
Sonic Foundry 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 Sonic Foundry MACD line is above the signal line.
Sonic Foundry Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 39.33 is the RSI value of SOFO stock.