Sorl Auto Parts Technical Analysis (NASDAQ:SORL)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The SORL stock chart pattern can give those who understand technical analysis an indication of which way SORL stock is headed, but cannot predict with 100% certainty as to what can happen to the Sorl Auto Parts stock price.
See Sorl Auto Parts bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Sorl Auto Parts stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Sorl Auto Parts Moving Average
Moving averages help predict the price direction of SORL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Sorl Auto Parts are mostly signals of long term trends and will help long term traders.
Sorl Auto Parts 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 SORL stock. The stock price is trading between the average and the upper band in the context of Sorl Auto Parts bollinger bands.
Sorl Auto Parts 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 Sorl Auto Parts MACD line is below the signal line.
Sorl Auto Parts 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 . If the RSI of SORL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.