Zynerba Pharma Technical Analysis (NASDAQ:ZYNE)
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. The Zynerba Pharma stock price data and volume are plotted in ZYNE 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 Zynerba Pharma. The technical analysis form of Zynerba 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.
Zynerba Pharma Moving Average
Moving averages help predict the price direction of ZYNE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.55 is above the price of $6.13.
Zynerba Pharma Bollinger Bands
Bollinger bands comprise of a center line usually ZYNE SMA, and two ZYNE 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. Zynerba Pharma bollinger bands show that the stock price is $6.13, upper band is 7.64, lower band is 5.46, and the average is 6.55.
Zynerba Pharma 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 Zynerba Pharma MACD line is below the signal line.
Zynerba 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. 42.26 is the RSI value of ZYNE stock.