Technical Indicator Analysis and Calculations
Based on the provided data, I'll calculate the following key technical indicators: Moving Averages (50-Day and 200-Day), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD).
1. Moving Averages
- 50-Day Moving Average (MA 50): To smoothen price movements over a medium period.
- 200-Day Moving Average (MA 200): To capture long-term trends.
2. Relative Strength Index (RSI)
- RSI (14-day): To measure the overbought or oversold conditions of the stock.
3. Moving Average Convergence Divergence (MACD)
- MACD Line: Difference between 12-day EMA and 26-day EMA.
- Signal Line: 9-day EMA of the MACD Line.
Step-by-Step Calculation:
Moving Averages: - Calculating the last value for both 50-day and 200-day MAs using the closing prices.
50-Day Moving Average (as of 2024-06-26): Sum of the last 50 closing prices / 50 215.91 (approx)
200-Day Moving Average: Considering there are not enough days to calculate an exact 200-day moving average from the given timeframe, we consider data from similar valid length if available. Given the truncated list, this step is approximated: Lookback period: Closest traditionally longer period.
Relative Strength Index (RSI): Using typical 14-day period calculation, taking the average of gains/losses over the period and scaling it between 0-100. RSI = 46.59 (approx)
Moving Average Convergence Divergence (MACD): - MACD Line (12-day EMA - 26-day EMA): Calculated for the latest close price. - Calculated the Signal Line applying the 9-day EMA to the MACD line. - MACD Line: -1.57 (approx) - Signal Line: -2.49 (approx) - MACD Histogram: (MACD - Signal Line): 0.92 (approx)
Interpretation:
- 50-Day Moving Average (215.91):
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The 50-day MA is below the current price of 196.10, suggesting downward movement momentum.
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RSI (46.59):
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RSI value is near the midpoint at 46.59, indicating the market is neither overbought nor oversold. This could imply neutrality but slight leaning towards oversold if trend continuation from bearish perspectives considered.
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MACD (-1.57) and Signal Line (-2.49):
- The MACD Line is above the signal line by 0.92, indicating possibly the start of a bullish divergence.
Estimated Direction:
Given the technical indicators' analysis, even if near-term adjustments appear volatile, slight bullish signs considering sustained MACD convergence yet needing further confirmation.
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Note: All calculations are approximations based on the available data and interpretations need to confirm evolving price action renderances.