Zagg Technical Analysis (NASDAQ:ZAGG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The ZAGG stock chart pattern can give those who understand technical analysis an indication of which way ZAGG stock is headed, but cannot predict with 100% certainty as to what can happen to the Zagg stock price.
See Zagg bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Zagg stock analysis.
Zagg Moving Average
Moving averages show the average price of ZAGG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $15.69 is above the last closing price of $15 and the 50 day moving average of $16.64 is above the last closing price of $15. The 10 and 20 day periods can predict short term moving average trends.
Zagg Bollinger Bands
Bollinger bands comprise of a center line usually ZAGG SMA, and two ZAGG 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. Zagg bollinger bands show that the stock price is $15, upper band is 17.89, lower band is 13.49, and the average is 15.69.
Zagg 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 Zagg MACD indicator is above 0 indicating a bullish trend.
Zagg Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ZAGG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.