Gap Technical Analysis (NYSE:GPS)
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 Gap stock price data and volume are plotted in GPS 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 Gap. 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 Gap stock analysis.
Gap Moving Average
Moving averages show the average price of GPS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $30.58 is above the last closing price of $28.44 and the 50 day moving average of $31.69 is above the last closing price of $28.44. The 10 and 20 day periods can predict short term moving average trends.
Gap Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Gap. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Gap bollinger bands.
Gap 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 Gap MACD indicator is below 0 indicating a bearish trend.
Gap 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 GPS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.