Kala Pharmaceuticals (KALA) Technical Analysis

Kala Pharmaceuticals Inc (KALA) is a pharmaceutical company that specializes in the development of innovative treatments for various eye diseases. As a result, it is important to analyze the technical aspects of the company's stock to determine its potential for growth and profitability. Technical analysis involves studying historical price and volume data, as well as various technical indicators, to identify patterns and trends in the stock's price movement. By doing so, investors can make more informed decisions regarding when to buy or sell KALA stock.

One of the key technical indicators used in analyzing KALA stock is the Relative Strength Index (RSI). This indicator measures the magnitude and velocity of price movements, indicating whether the stock is overbought or oversold. A high RSI value suggests that the stock may be overbought and due for a correction, while a low RSI value indicates the stock may be oversold and ready for a rebound. Another important indicator is the Average Directional Index (ADX), which measures the strength of the stock's trend. A high ADX value suggests a strong trend, while a low value indicates a weak trend.