Guangshen Railway Technical Analysis (NYSE:GSH)
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 GSH stock chart pattern can give those who understand technical analysis an indication of which way GSH stock is headed, but cannot predict with 100% certainty as to what can happen to the Guangshen Railway stock price.
See Guangshen Railway bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Guangshen Railway stock analysis.
Guangshen Railway Moving Average
Moving averages help predict the price direction of GSH stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $28.7 is above the last closing price of $27.83 and the 50 day moving average of $28.7 is above the last closing price of $27.83. The 10 and 20 day periods can predict short term moving average trends.
Guangshen Railway Bollinger Bands
Bollinger bands comprise of a center line usually GSH SMA, and two GSH 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. The stock price is trading between the average and the lower band in the context of Guangshen Railway bollinger bands.
Guangshen Railway 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 Guangshen Railway MACD indicator can be used to identify bullish and bearish trends for the stock.
Guangshen Railway 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 . 32.2 is the RSI value of GSH stock.