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BRAINCHIP HOLDINGS STOCK: HOW ARE INVESTORS REACTING?
9:14 am March 6th
General ,
Analysis ,
Experts ,
Financial Trends
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Course evaluation using the RSI
Brainchip stock is a hold stock based on the Relative Strength Index. The index measures the up and down movements of different periods (RSI7 for seven days, RSI25 for 25 days) and assigns them a number between 0 and 100. The Brainchip stock has an RSI7 of 47.14, which triggers a Hold rating, and an RSI25 of 54.86, which triggers a Hold rating for the period . This results in the overall ranking "Hold" at the level of the relative strength indicator.
BrainChip Holdings: How is the course to be rated?
Trend-following indicators are intended to show whether a security is currently in an up or down trend (see Wikipedia). The moving average is one such indicator, we are looking at the 50 and 200 day moving averages here. First, let's take a look at the longer-term average over the last 200 trading days. For the Brainchip share, this is currently AUD 0.71. The last closing price (1,215 AUD) is thus significantly higher (+71.13 percent deviation in comparison). On this basis, Brainchip receives a "buy" rating. Now look at the shorter term 50 day moving average which is currently A$1.3 hence the last close is below that (-6.54 percent). This means that on this shorter-term analysis basis, the rating for Brainchip is different, the stock receives a “sell” rating. Overall, Brainchip is given a “hold” rating based on trend-following indicators.