Greif Bros Technical Analysis (NYSE:GEF.B)
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 Greif Bros 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 GEF.B 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 Greif Bros. 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 Greif Bros stock analysis.
Greif Bros Moving Average
Moving averages help predict the price direction of GEF.B 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 $59.56 is below the last closing price of $61.9 and the 50 day moving average of $62.12 is above the last closing price of $61.9. The 10 and 20 day periods can predict short term moving average trends.
Greif Bros 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 GEF.B stock. The stock price is trading between the average and the upper band in the context of Greif Bros bollinger bands.
Greif Bros 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 Greif Bros MACD line is above the signal line.
Greif Bros Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 52.44 is the RSI value of GEF.B stock.