Global Ship Lease Technical Analysis (NYSE:GSL)
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 GSL stock chart pattern can give those who understand technical analysis an indication of which way GSL stock is headed, but cannot predict with 100% certainty as to what can happen to the Global Ship Lease stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Global Ship Lease. 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 Global Ship Lease stock analysis.
Global Ship Lease Moving Average
Moving averages show the GSL 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 20 day moving average of $1.38 is below the last closing price of $1.39 and the 50 day moving average of $1.21 is below the last closing price of $1.39. The 10 and 20 day periods can predict short term moving average trends.
Global Ship Lease Bollinger Bands
Bollinger bands comprise of a center line usually GSL SMA, and two GSL 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 upper band in the context of Global Ship Lease bollinger bands.
Global Ship Lease Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Global Ship Lease MACD line is below the signal line.
Global Ship Lease 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 . The relative strength index of GSL stock is 56.