Stoneridge Technical Analysis (NYSE:SRI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The SRI stock chart pattern can give those who understand technical analysis an indication of which way SRI stock is headed, but cannot predict with 100% certainty as to what can happen to the Stoneridge 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 Stoneridge. Technical analysis uses an approach for Stoneridge stock analysis that does not care for the fair value of a company but uses price and volume data only.
Stoneridge Moving Average
Moving averages show the average price of SRI 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 $32.61 is above the price of $31.48.
Stoneridge Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Stoneridge. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $31.48 is in the lower range of Stoneridge bollinger bands.
Stoneridge Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Stoneridge MACD line is below the signal line.
Stoneridge 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. If the RSI of SRI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.