Meritor Technical Analysis (NYSE:MTOR)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A MTOR stock chart pattern can give those who understand technical analysis an indication of which way MTOR stock is headed, but cannot predict with 100% certainty as to what can happen to the Meritor stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Meritor. The technical analysis form of Meritor stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Meritor Moving Average:
Moving averages help predict the price direction of MTOR 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 MTOR moving average implies that Meritor stock price is falling.
Meritor Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Meritor stock price relative to previous trades. Meritor bollinger bands show that the stock price is $16.49, upper band is 10.91, lower band is 9.33, and the average is 10.12.
Meritor Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Meritor MACD indicator is below 0 indicating a bearish trend.
Meritor Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of MTOR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .