BERRY GLOBL GRP Technical Analysis (NYSE:BERY)
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. The BERRY GLOBL GRP stock price data and volume are plotted in BERY stock charts and these trading charts form the basis of technical analysis.
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 BERRY GLOBL GRP. Technical analysis uses an approach for BERRY GLOBL GRP stock analysis that does not care for the fair value of a company but uses price and volume data only.
BERRY GLOBL GRP Moving Average
Moving averages help predict the price direction of BERY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for BERRY GLOBL GRP are mostly signals of long term trends and will help long term traders.
BERRY GLOBL GRP 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 BERY stock. Currently the stock price of $50.1 is in the upper range of BERRY GLOBL GRP bollinger bands.
BERRY GLOBL GRP 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 BERRY GLOBL GRP MACD line is above the signal line.
BERRY GLOBL GRP Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BERY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.