Greenlight Reinsurance Technical Analysis (NASDAQ:GLRE)
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 Greenlight Reinsurance stock price data and volume are plotted in GLRE stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Greenlight Reinsurance. 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 Greenlight Reinsurance stock analysis.
Greenlight Reinsurance Moving Average
Moving averages show the GLRE 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Greenlight Reinsurance are mostly signals of long term trends and will help long term traders.
Greenlight Reinsurance 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 GLRE stock. Currently the stock price of $15.1 is in the lower range of Greenlight Reinsurance bollinger bands.
Greenlight Reinsurance Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Greenlight Reinsurance MACD line is above the signal line.
Greenlight Reinsurance 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 GLRE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.