Technical Analysis
Simple Moving Average (SMA 50)
- Indicates the average price over the last 50 trading days. It's currently trending upwards, indicating a longer-term positive trend, but recent values suggest deceleration.
Relative Strength Index (RSI)
- Measures momentum. Values above 70 indicate overbought conditions, while values below 30 indicate oversold conditions.
- Recent RSI: July 11: 42.21 (Neutral, slightly increasing)
Moving Average Convergence Divergence (MACD)
- Calculated by subtracting the 26-period EMA from the 12-period EMA. A positive MACD indicates upward momentum while a negative MACD indicates downward momentum.
- Recent MACD: July 11: -4.15 (Negative, reducing)
Volume
- Volume indicates the number of shares traded. A high volume on a price change indicates strong overall sentiment.
Calculation Results & Interpretation
RSI Analysis
- On July 5, RSI was 38.49, showing an oversold condition.
- As of July 11, RSI increased to 42.21, indicating that the overselling pressure might be easing, but is still weak.
MACD Analysis
- On July 5, MACD was -2.96, showing strong bearish momentum.
- As of July 11, MACD is -4.15, indicating persistent downward trend.
Moving Average Analysis
- SMA 50 over recent data:
- SMA value on July 5: 274.44
- SMA value on July 11: 273.74
- The SMA is in a short-term decline, suggesting the recent downward price trend might continue in the short term.
Volume Analysis
- Volume on July 11: 1,146,299 (Relatively stable and average)
Estimated Direction
The RSI shows a slight recovery from oversold conditions, indicating potential easing of selling pressure. However, the MACD remains strongly negative, and the SMA 50 is in a downward trend. Given these mixed signals but with a stronger negative momentum: