Washington Trust Technical Analysis (NASDAQ:WASH)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Washington Trust 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 WASH stock chart which creates a trading signal.
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 Washington Trust. The technical analysis form of Washington Trust stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Washington Trust Moving Average:
Moving averages show the average price of WASH stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Washington Trust are mostly signals of long term trends and will help long term traders.
Washington Trust 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 WASH stock. Washington Trust bollinger bands show that the stock price is $55, upper band is 11.16, lower band is 10.28, and the average is 10.72.
Washington Trust 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 Washington Trust MACD indicator is below 0 indicating a bearish trend.
Washington Trust Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of WASH stock is 60.71. .