SIERRA ONCOLOGY Technical Analysis (NASDAQ:SRRA)
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. Just by looking at the SIERRA ONCOLOGY stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SRRA stock chart which creates a trading signal.
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 SIERRA ONCOLOGY. The technical analysis form of SIERRA ONCOLOGY stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SIERRA ONCOLOGY Moving Average
Moving averages help predict the price direction of SRRA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.8 is below the price of $1.83.
SIERRA ONCOLOGY Bollinger Bands
Bollinger bands comprise of a center line usually SRRA SMA, and two SRRA 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. Currently the stock price of $1.83 is in the upper range of SIERRA ONCOLOGY bollinger bands.
SIERRA ONCOLOGY 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 SIERRA ONCOLOGY MACD indicator is above 0 indicating a bullish trend.
SIERRA ONCOLOGY 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 SRRA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.