Global Indemnity Technical Analysis (NASDAQ:GBLI)
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 Global Indemnity stock price data and volume are plotted in GBLI 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 Global Indemnity. Technical analysis uses an approach for Global Indemnity stock analysis that does not care for the fair value of a company but uses price and volume data only.
Global Indemnity Moving Average
Moving averages show the GBLI 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Global Indemnity are mostly signals of long term trends and will help long term traders.
Global Indemnity Bollinger Bands
Bollinger bands comprise of a center line usually GBLI SMA, and two GBLI 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 $39.69 is in the lower range of Global Indemnity bollinger bands.
Global Indemnity 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 Global Indemnity MACD indicator is below 0 indicating a bearish trend.
Global Indemnity 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. 42.43 is the RSI value of GBLI stock.