Blue Bird Technical Analysis (NASDAQ:BLBD)
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 Blue Bird 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 BLBD 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 Blue Bird. The technical analysis form of Blue Bird stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Blue Bird Moving Average
Moving averages show the BLBD stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $21.4 is below the price of $22.45.
Blue Bird Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Blue Bird. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Blue Bird bollinger bands show that the stock price is $22.45, upper band is 23.89, lower band is 18.92, and the average is 21.41.
Blue Bird 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 Blue Bird MACD indicator is above 0 indicating a bullish trend.
Blue Bird 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. 61.98 is the RSI value of BLBD stock.