Graphic Packaging Technical Analysis (NYSE:GPK)
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 Graphic Packaging 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 GPK stock chart which creates a trading signal.
See Graphic Packaging bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Graphic Packaging stock analysis that does not care for the fair value of a company but uses price and volume data only.
Graphic Packaging Moving Average
Moving averages show the average price of GPK stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $13.9 is above the price of $12.66.
Graphic Packaging Bollinger Bands
Bollinger bands comprise of a center line usually GPK SMA, and two GPK stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Graphic Packaging bollinger bands show that the stock price is $12.66, upper band is 15.19, lower band is 12.62, and the average is 13.9.
Graphic Packaging 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 Graphic Packaging MACD line is above the signal line.
Graphic Packaging 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 GPK stock is 11.01.