Sorl Auto Parts Technical Analysis (NASDAQ:SORL)
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 Sorl Auto Parts stock price data and volume are plotted in SORL stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sorl Auto Parts. 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 Sorl Auto Parts stock analysis.
Sorl Auto Parts Moving Average
Moving averages show the average price of SORL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $4.41 is above the price of $4.38.
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 lower 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 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 Sorl Auto Parts MACD indicator can be used to identify bullish and bearish trends for the stock.
Sorl Auto Parts 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. The relative strength index of SORL stock is 38.98.