WPP Plc Technical Analysis (NASDAQ:WPPGY)
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. When a chart pattern that can predict future WPP Plc stock price movements is formed, the WPPGY stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for WPP Plc. The technical analysis form of WPP Plc stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
WPP Plc Moving Average:
Moving averages help predict the price direction of WPPGY 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 WPPGY moving average implies that WPP Plc stock price is falling.
WPP Plc Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like WPP Plc. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $103 is in the upper range of WPP Plc bollinger bands.
WPP Plc 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 WPP Plc MACD line is below the signal line.
WPP Plc 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. If the RSI of WPPGY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .