Silver Spring Networks Technical Analysis (NYSE:SSNI)
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. The Silver Spring Networks stock price data and volume are plotted in SSNI stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Silver Spring Networks. Technical analysis uses an approach for Silver Spring Networks stock analysis that does not care for the fair value of a company but uses price and volume data only.
Silver Spring Networks Moving Average
Moving averages help predict the price direction of SSNI 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 $16.24 is below the price of $16.26.
Silver Spring Networks Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Silver Spring Networks. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Silver Spring Networks bollinger bands show that the stock price is $16.26, upper band is 16.26, lower band is 16.21, and the average is 16.24.
Silver Spring Networks 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 Silver Spring Networks MACD indicator is below 0 indicating a bearish trend.
Silver Spring Networks Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of SSNI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.