Genesee & Wyoming Technical Analysis (NYSE:GWR)
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. Just by looking at the Genesee & Wyoming 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 GWR stock chart which creates a trading signal.
See Genesee & Wyoming bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Genesee & Wyoming stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Genesee & Wyoming Moving Average
Moving averages show the GWR 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $72.12 is below the price of $74.18.
Genesee & Wyoming Bollinger Bands
Bollinger bands comprise of a center line usually GWR SMA, and two GWR 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. Currently the stock price of $74.18 is in the upper range of Genesee & Wyoming bollinger bands.
Genesee & Wyoming 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 Genesee & Wyoming MACD indicator can be used to identify bullish and bearish trends for the stock.
Genesee & Wyoming 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 GWR stock is 78.13.