Geo Group Technical Analysis (NYSE:GEO)
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 Geo Group stock price data and volume are plotted in GEO 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 Geo Group. The technical analysis form of Geo Group stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Geo Group Moving Average
Moving averages help predict the price direction of GEO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Geo Group are mostly signals of long term trends and will help long term traders.
Geo Group Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Geo Group. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Geo Group bollinger bands.
Geo Group 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 Geo Group MACD indicator can be used to identify bullish and bearish trends for the stock.
Geo Group Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 47.29 is the RSI value of GEO stock.