Sotheby's Technical Analysis (NYSE:BID)
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 Sotheby's stock price data and volume are plotted in BID stock charts and these trading charts form the basis of technical analysis.
See Sotheby's bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Sotheby's stock analysis.
Sotheby's Moving Average
Moving averages show the average price of BID 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 Sotheby's are mostly signals of long term trends and will help long term traders.
Sotheby's Bollinger Bands
Bollinger bands comprise of a center line usually BID SMA, and two BID stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $54.96 is in the lower range of Sotheby's bollinger bands.
Sotheby's 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 Sotheby's MACD line is above the signal line.
Sotheby's 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 BID stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.