Greif Technical Analysis (NYSE:GEF)
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 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 stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Greif. The technical analysis form of Greif stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Greif Moving Average
Moving averages show the GEF 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 Greif are mostly signals of long term trends and will help long term traders.
Greif Bollinger Bands
Bollinger bands comprise of a center line usually GEF SMA, and two GEF 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. The stock price is trading between the average and the lower band in the context of Greif bollinger bands.
Greif 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 MACD indicator can be used to identify bullish and bearish trends for the stock.
Greif 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. 29.27 is the RSI value of GEF stock.