STRATA Skin Sciences Technical Analysis (NASDAQ:SSKN)
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. Just by looking at the STRATA Skin Sciences 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 SSKN stock chart which creates a trading signal.
See STRATA Skin Sciences bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of STRATA Skin Sciences stock analysis.
STRATA Skin Sciences Moving Average
Moving averages help predict the price direction of SSKN 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 $1.99 is below the last closing price of $2.17 and the 50 day moving average of $1.66 is below the last closing price of $2.17. The 10 and 20 day periods can predict short term moving average trends.
STRATA Skin Sciences 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 SSKN stock. The stock price is trading between the average and the upper band in the context of STRATA Skin Sciences bollinger bands.
STRATA Skin Sciences 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 STRATA Skin Sciences MACD indicator is below 0 indicating a bearish trend.
STRATA Skin Sciences 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. 59.84 is the RSI value of SSKN stock.