G-III Apparel Technical Analysis (NASDAQ:GIII)
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. Just by looking at the G-III Apparel 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 GIII stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for G-III Apparel. Technical analysis uses an approach for G-III Apparel stock analysis that does not care for the fair value of a company but uses price and volume data only.
G-III Apparel Moving Average
Moving averages help predict the price direction of GIII 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 $45.81 is below the price of $46.09.
G-III Apparel 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 GIII stock. The stock price is trading between the average and the upper band in the context of G-III Apparel bollinger bands.
G-III Apparel 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 G-III Apparel MACD line is below the signal line.
G-III Apparel Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of GIII stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.