Vitacost Technical Analysis (NASDAQ:VITC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Vitacost 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 VITC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Vitacost. Technical analysis uses an approach for Vitacost stock analysis that does not care for the fair value of a company but uses price and volume data only.
Vitacost Moving Average
Moving averages show the VITC 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 20 day moving average of $7.99 is below the last closing price of $7.99 and the 50 day moving average of $7.38 is below the last closing price of $7.99. The 10 and 20 day periods can predict short term moving average trends.
Vitacost Bollinger Bands
Bollinger bands comprise of a center line usually VITC SMA, and two VITC 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 lower band in the context of Vitacost bollinger bands.
Vitacost Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Vitacost MACD line is below the signal line.
Vitacost Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.25 is the RSI value of VITC stock.