Vitae Pharma Technical Analysis (NASDAQ:VTAE)
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 Vitae Pharma 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 VTAE 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 Vitae Pharma. The technical analysis form of Vitae Pharma stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Vitae Pharma Moving Average
Moving averages help predict the price direction of VTAE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $20.97 is below the last closing price of $21 and the 50 day moving average of $15.37 is below the last closing price of $21. The 10 and 20 day periods can predict short term moving average trends.
Vitae Pharma Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the VTAE stock. Currently the stock price of $21 is in the upper range of Vitae Pharma bollinger bands.
Vitae Pharma 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 Vitae Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
Vitae Pharma 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. If the RSI of VTAE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.