Sotheby's Technical Analysis (NYSE:BID)

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$36.14 $0.37 (1.03%) BID stock closing price Oct 28, 2016 (Closing)

Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Sotheby's stock price movements is formed, the BID stock chart can become a key tool for a technical analyst.

You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Sotheby's. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Sotheby's stock analysis.

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Sotheby's Moving Average:

Moving averages help predict the price direction of BID stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for BID trend identification. A rising moving average shows that stock prices are generally increasing.

Sotheby's Bollinger Bands:

Bollinger bands consist of two price bands above and below a center line for any company stock like Sotheby's. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $35.77 is in the lower range of Sotheby's bollinger bands.

Sotheby's Moving Average Convergence Divergence or MACD:

The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Sotheby's MACD indicator can be used to identify bullish and bearish trends for the stock.

Sotheby's 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.   The relative strength index of BID stock is 38.78. .

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