Limoneira Technical Analysis (NASDAQ:LMNR)
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 Limoneira stock price movements is formed, the LMNR stock chart can become a key tool for a technical analyst.
See Limoneira bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Limoneira stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Limoneira Moving Average:
Moving averages help predict the price direction of LMNR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling LMNR moving average implies that Limoneira stock price is falling.
Limoneira Bollinger Bands:
Bollinger bands comprise of a center line usually LMNR SMA, and two LMNR stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $19.5 is in the upper range of Limoneira bollinger bands.
Limoneira Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Limoneira MACD line is above the signal line.
Limoneira Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 65.7 is the RSI value of LMNR stock. .