Graco Technical Analysis (NYSE:GGG)
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 Graco stock price data and volume are plotted in GGG stock charts and these trading charts form the basis of technical analysis.
See Graco bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Graco stock analysis.
Graco Moving Average
Moving averages show the average price of GGG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $47.05 is below the price of $47.94.
Graco Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Graco. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $47.94 is in the upper range of Graco bollinger bands.
Graco 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 Graco MACD line is below the signal line.
Graco 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. If the RSI of GGG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.