Strattec Security Technical Analysis (NASDAQ:STRT)
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 Strattec Security stock price data and volume are plotted in STRT 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 Strattec Security. The technical analysis form of Strattec Security stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Strattec Security Moving Average
Moving averages help predict the price direction of STRT 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 $33.88 is above the last closing price of $33 and the 50 day moving average of $33.3 is above the last closing price of $33. The 10 and 20 day periods can predict short term moving average trends.
Strattec Security Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Strattec Security. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Strattec Security bollinger bands.
Strattec Security 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 Strattec Security MACD indicator is below 0 indicating a bearish trend.
Strattec Security 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 STRT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.