Universal Stainless Technical Analysis (NASDAQ:USAP)
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 Universal Stainless 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 USAP 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 Universal Stainless. The technical analysis form of Universal Stainless stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Universal Stainless Moving Average
Moving averages show the USAP 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 Universal Stainless are mostly signals of long term trends and will help long term traders.
Universal Stainless Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Universal Stainless. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Universal Stainless bollinger bands show that the stock price is $27.39, upper band is 32.01, lower band is 24.41, and the average is 28.21.
Universal Stainless 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 Universal Stainless MACD line is below the signal line.
Universal Stainless Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of USAP stock is 49.21.