Sunworks Technical Analysis (NASDAQ:SUNW)
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 SUNW stock chart pattern can give those who understand technical analysis an indication of which way SUNW stock is headed, but cannot predict with 100% certainty as to what can happen to the Sunworks stock price.
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 Sunworks. The technical analysis form of Sunworks stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Sunworks Moving Average
Moving averages show the SUNW stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Sunworks are mostly signals of long term trends and will help long term traders.
Sunworks Bollinger Bands
Bollinger bands comprise of a center line usually SUNW SMA, and two SUNW 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. Sunworks bollinger bands show that the stock price is $1.11, upper band is 1.29, lower band is 0.84, and the average is 1.07.
Sunworks 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 Sunworks MACD line is above the signal line.
Sunworks 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 . The relative strength index of SUNW stock is 66.16.