SPS Commerce Technical Analysis (NASDAQ:SPSC)
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 SPS Commerce stock price data and volume are plotted in SPSC stock charts and these trading charts form the basis of technical analysis.
See SPS Commerce bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of SPS Commerce stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SPS Commerce Moving Average
Moving averages show the average price of SPSC 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 $61.13 is below the price of $62.59.
SPS Commerce Bollinger Bands
Bollinger bands comprise of a center line usually SPSC SMA, and two SPSC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. SPS Commerce bollinger bands show that the stock price is $62.59, upper band is 66.22, lower band is 56.04, and the average is 61.13.
SPS Commerce 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 SPS Commerce MACD indicator is below 0 indicating a bearish trend.
SPS Commerce 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 SPSC stock is 60.57.