Superior Industries Technical Analysis (NYSE:SUP)
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. The SUP stock chart pattern can give those who understand technical analysis an indication of which way SUP stock is headed, but cannot predict with 100% certainty as to what can happen to the Superior Industries stock price.
See Superior Industries bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Superior Industries stock analysis that does not care for the fair value of a company but uses price and volume data only.
Superior Industries Moving Average
Moving averages show the average price of SUP 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 $18.64 is below the price of $19.05.
Superior Industries Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SUP stock. Superior Industries bollinger bands show that the stock price is $19.05, upper band is 20.15, lower band is 17.14, and the average is 18.64.
Superior Industries 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 Superior Industries MACD indicator is below 0 indicating a bearish trend.
Superior Industries 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 SUP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.