Spherix Technical Analysis (NASDAQ:SPEX)
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 SPEX stock chart pattern can give those who understand technical analysis an indication of which way SPEX stock is headed, but cannot predict with 100% certainty as to what can happen to the Spherix stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Spherix. The technical analysis form of Spherix stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Spherix Moving Average
Moving averages show the SPEX stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $1.04 is below the last closing price of $1.04 and the 50 day moving average of $1.05 is above the last closing price of $1.04. The 10 and 20 day periods can predict short term moving average trends.
Spherix 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 SPEX stock. The stock price is trading between the average and the lower band in the context of Spherix bollinger bands.
Spherix 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 Spherix MACD indicator can be used to identify bullish and bearish trends for the stock.
Spherix Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 23.33 is the RSI value of SPEX stock.