CANADA GOOSE HD Technical Analysis (NYSE:GOOS)
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 CANADA GOOSE HD 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 GOOS stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CANADA GOOSE HD. Technical analysis uses an approach for CANADA GOOSE HD stock analysis that does not care for the fair value of a company but uses price and volume data only.
CANADA GOOSE HD Moving Average
Moving averages help predict the price direction of GOOS 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 $34.54 is below the price of $35.09.
CANADA GOOSE HD Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like CANADA GOOSE HD. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $35.09 is in the upper range of CANADA GOOSE HD bollinger bands.
CANADA GOOSE HD 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 CANADA GOOSE HD MACD indicator can be used to identify bullish and bearish trends for the stock.
CANADA GOOSE HD 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 GOOS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.