Synaptics Technical Analysis (NASDAQ:SYNA)
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 Synaptics 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 SYNA stock chart which creates a trading signal.
See Synaptics bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Synaptics stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Synaptics Moving Average:
Moving averages show the SYNA stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $46.47 is above the last closing price of $39.35 and the 50 day moving average of $51.13 is above the $39.35 price. The 10 and 20 day periods can predict short term moving average trends.
Synaptics Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Synaptics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $39.35 is in the lower range of Synaptics bollinger bands.
Synaptics 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 Synaptics MACD line is above the signal line.
Synaptics Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 10.52 is the RSI value of SYNA stock. .