Yintech Investment Holdings Technical Analysis (NASDAQ:YIN)
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 Yintech Investment Holdings 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 YIN stock chart which creates a trading signal.
See Yintech Investment Holdings bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Yintech Investment Holdings stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Yintech Investment Holdings Moving Average
Moving averages show the YIN 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.62 is above the price of $7.36.
Yintech Investment Holdings 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 YIN stock. Currently the stock price of $7.36 is in the lower range of Yintech Investment Holdings bollinger bands.
Yintech Investment Holdings 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 Yintech Investment Holdings MACD line is below the signal line.
Yintech Investment Holdings 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 YIN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.