SunOpta Technical Analysis (NASDAQ:STKL)
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 SunOpta 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 STKL stock chart which creates a trading signal.
See SunOpta 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 SunOpta stock analysis.
SunOpta Moving Average
Moving averages show the average price of STKL 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 $7.16 is below the price of $7.3.
SunOpta Bollinger Bands
Bollinger bands comprise of a center line usually STKL SMA, and two STKL 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. The stock price is trading between the average and the upper band in the context of SunOpta bollinger bands.
SunOpta 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 SunOpta MACD line is below the signal line.
SunOpta Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 65 is the RSI value of STKL stock.