Golar LNG Technical Analysis (NASDAQ:GLNG)
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 Golar LNG stock price data and volume are plotted in GLNG stock charts and these trading charts form the basis of technical analysis.
See Golar LNG bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Golar LNG stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Golar LNG Moving Average
Moving averages show the GLNG 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 20 day moving average of $28.36 is below the last closing price of $28.6 and the 50 day moving average of $30.91 is above the last closing price of $28.6. The 10 and 20 day periods can predict short term moving average trends.
Golar LNG 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 GLNG stock. Golar LNG bollinger bands show that the stock price is $28.6, upper band is 33.1, lower band is 23.61, and the average is 28.36.
Golar LNG 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 Golar LNG MACD indicator can be used to identify bullish and bearish trends for the stock.
Golar LNG Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of GLNG stock is 69.25.