Virco Manufacturing Technical Analysis (NASDAQ:VIRC)
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. Just by looking at the Virco Manufacturing 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 VIRC stock chart which creates a trading signal.
See Virco Manufacturing bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Virco Manufacturing stock analysis that does not care for the fair value of a company but uses price and volume data only.
Virco Manufacturing Moving Average
Moving averages show the VIRC 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 Virco Manufacturing are mostly signals of long term trends and will help long term traders.
Virco Manufacturing Bollinger Bands
Bollinger bands comprise of a center line usually VIRC SMA, and two VIRC 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. The stock price is trading between the average and the upper band in the context of Virco Manufacturing bollinger bands.
Virco Manufacturing 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 Virco Manufacturing MACD indicator is below 0 indicating a bearish trend.
Virco Manufacturing 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 VIRC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.