Greenhill & Co. Technical Analysis (NYSE:GHL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The GHL stock chart pattern can give those who understand technical analysis an indication of which way GHL stock is headed, but cannot predict with 100% certainty as to what can happen to the Greenhill & Co. stock price.
See Greenhill & Co. bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Greenhill & Co. stock analysis that does not care for the fair value of a company but uses price and volume data only.
Greenhill & Co. Moving Average
Moving averages help predict the price direction of GHL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $32.28 is above the price of $31.55.
Greenhill & Co. Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Greenhill & Co.. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Greenhill & Co. bollinger bands show that the stock price is $31.55, upper band is 33.27, lower band is 31.29, and the average is 32.28.
Greenhill & Co. 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 Greenhill & Co. MACD indicator can be used to identify bullish and bearish trends for the stock.
Greenhill & Co. Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of GHL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.