Bemis Technical Analysis (NYSE:BMS)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Bemis stock price data and volume are plotted in BMS stock charts and these trading charts form the basis of technical analysis.
See Bemis 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 Bemis stock analysis.
Bemis Moving Average
Moving averages help predict the price direction of BMS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $47.3 is above the price of $44.91.
Bemis Bollinger Bands
Bollinger bands comprise of a center line usually BMS SMA, and two BMS 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. Bemis bollinger bands show that the stock price is $44.91, upper band is 50.4, lower band is 44.2, and the average is 47.3.
Bemis 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 Bemis MACD indicator is above 0 indicating a bullish trend.
Bemis 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 BMS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.