Yongye Technical Analysis (NASDAQ:YONG)
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. The Yongye stock price data and volume are plotted in YONG stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Yongye. Technical analysis uses an approach for Yongye stock analysis that does not care for the fair value of a company but uses price and volume data only.
Yongye Moving Average
Moving averages show the average price of YONG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Yongye are mostly signals of long term trends and will help long term traders.
Yongye 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 YONG stock. The stock price is trading between the average and the upper band in the context of Yongye bollinger bands.
Yongye 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 Yongye MACD indicator can be used to identify bullish and bearish trends for the stock.
Yongye 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 YONG stock is 56.76.