Ultratech Technical Analysis (NASDAQ:UTEK)
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 Ultratech stock price data and volume are plotted in UTEK stock charts and these trading charts form the basis of technical analysis.
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 Ultratech. The technical analysis form of Ultratech stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ultratech Moving Average
Moving averages help predict the price direction of UTEK 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 Ultratech are mostly signals of long term trends and will help long term traders.
Ultratech Bollinger Bands
Bollinger bands comprise of a center line usually UTEK SMA, and two UTEK 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. Ultratech bollinger bands show that the stock price is $30.23, upper band is 30.92, lower band is 29.83, and the average is 30.37.
Ultratech 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 Ultratech MACD line is above the signal line.
Ultratech Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of UTEK stock is 42.86.