Summer Infant Technical Analysis (NASDAQ:SUMR)
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 Summer Infant 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 SUMR 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 Summer Infant. Technical analysis uses an approach for Summer Infant stock analysis that does not care for the fair value of a company but uses price and volume data only.
Summer Infant Moving Average
Moving averages show the average price of SUMR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $1.35 is below the last closing price of $1.39 and the 50 day moving average of $1.22 is below the last closing price of $1.39. The 10 and 20 day periods can predict short term moving average trends.
Summer Infant Bollinger Bands
Bollinger bands comprise of a center line usually SUMR SMA, and two SUMR 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. Summer Infant bollinger bands show that the stock price is $1.39, upper band is 1.42, lower band is 1.29, and the average is 1.35.
Summer Infant 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 Summer Infant MACD line is above the signal line.
Summer Infant 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 SUMR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.