Ritchie Bros. Auctioneers Technical Analysis (NYSE:RBA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Ritchie Bros. Auctioneers stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the RBA stock chart which creates a trading signal.
See Ritchie Bros. Auctioneers bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Ritchie Bros. Auctioneers stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Ritchie Bros. Auctioneers Moving Average:
Moving averages show the RBA stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling RBA moving average implies that Ritchie Bros. Auctioneers stock price is falling.
Ritchie Bros. Auctioneers Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RBA stock. Ritchie Bros. Auctioneers bollinger bands show that the stock price is $34, upper band is 84.23, lower band is 79.42, and the average is 81.83.
Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers MACD line is above the signal line.
Ritchie Bros. Auctioneers 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 . 42.9 is the RSI value of RBA stock. .