Spartan Motors Technical Analysis (NASDAQ:SPAR)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A SPAR stock chart pattern can give those who understand technical analysis an indication of which way SPAR stock is headed, but cannot predict with 100% certainty as to what can happen to the Spartan Motors stock price.
See Spartan Motors bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Spartan Motors stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Spartan Motors Moving Average:
SPAR stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Spartan Motors chart patterns after the calculations remain the same. The 100 day moving average of 8.19 is below the last closing price of 8.2. A rise in trend over the long term indicates a long term uptrend. Similarly a falling SPAR moving average implies that Spartan Motors stock price is falling.
Spartan Motors Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Spartan Motors. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $8.2 is in the lower range of Spartan Motors bollinger bands.
Spartan Motors Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Spartan Motors MACD indicator is above 0 indicating a bullish trend.
Spartan Motors Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of SPAR stock is 63.38. .