Boot Barn Technical Analysis (NYSE:BOOT)
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 Boot Barn stock price data and volume are plotted in BOOT stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Boot Barn. Technical analysis uses an approach for Boot Barn stock analysis that does not care for the fair value of a company but uses price and volume data only.
Boot Barn Moving Average
Moving averages help predict the price direction of BOOT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $22.35 is below the last closing price of $22.95 and the 50 day moving average of $22.63 is below the last closing price of $22.95. The 10 and 20 day periods can predict short term moving average trends.
Boot Barn 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 BOOT stock. Currently the stock price of $22.95 is in the upper range of Boot Barn bollinger bands.
Boot Barn 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 Boot Barn MACD line is above the signal line.
Boot Barn 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. The relative strength index of BOOT stock is 54.37.