SciQuest Technical Analysis (NASDAQ:SQI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The SQI stock chart pattern can give those who understand technical analysis an indication of which way SQI stock is headed, but cannot predict with 100% certainty as to what can happen to the SciQuest stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for SciQuest. The technical analysis form of SciQuest stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SciQuest Moving Average
Moving averages help predict the price direction of SQI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $17.7 is below the last closing price of $17.75 and the 50 day moving average of $16.95 is below the last closing price of $17.75. The 10 and 20 day periods can predict short term moving average trends.
SciQuest 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 SQI stock. SciQuest bollinger bands show that the stock price is $17.75, upper band is 17.77, lower band is 17.64, and the average is 17.7.
SciQuest 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 SciQuest MACD line is below the signal line.
SciQuest Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 51.28 is the RSI value of SQI stock.