Sequans Communications Technical Analysis (NYSE:SQNS)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Sequans Communications stock price movements is formed, the SQNS stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Sequans Communications. The technical analysis form of Sequans Communications stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Sequans Communications Moving Average:
SQNS 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 Sequans Communications chart patterns after the calculations remain the same. The 100 day moving average of 3.56 is above the last closing price of 3.43. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $3.23 is below the price of $3.43.
Sequans Communications 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 SQNS stock. Sequans Communications bollinger bands show that the stock price is $3.43, upper band is 10.74, lower band is 7.7, and the average is 9.22.
Sequans Communications 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 Sequans Communications MACD indicator is above 0 indicating a bullish trend.
Sequans Communications Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of SQNS stock is 59.32. .