Synthesis Energy Systems Technical Analysis (NASDAQ:SYMX)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Synthesis Energy Systems stock price data and volume are plotted in SYMX stock charts and these trading charts form the basis of technical analysis.
See Synthesis Energy Systems bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Synthesis Energy Systems stock analysis using these technical indicators helps identify trading opportunities.
Synthesis Energy Systems Moving Average:
Moving averages help predict the price direction of SYMX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Synthesis Energy Systems are mostly signals of long term trends and will help long term traders.
Synthesis Energy Systems Bollinger Bands:
Bollinger bands comprise of a center line usually SYMX SMA, and two SYMX stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Synthesis Energy Systems bollinger bands show that the stock price is $0.37, upper band is 12.3, lower band is 9.99, and the average is 11.14.
Synthesis Energy Systems 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 Synthesis Energy Systems MACD indicator is below 0 indicating a bearish trend.
Synthesis Energy Systems 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 SYMX stock is 31.39. .