Global Water Resources Technical Analysis (NASDAQ:GWRS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Global Water Resources 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 GWRS stock chart which creates a trading signal.
See Global Water Resources 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 Global Water Resources stock analysis.
Global Water Resources Moving Average
Moving averages show the average price of GWRS 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 $9.63 is below the last closing price of $10.07 and the 50 day moving average of $9.5 is below the last closing price of $10.07. The 10 and 20 day periods can predict short term moving average trends.
Global Water Resources Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Global Water Resources. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $10.07 is in the upper range of Global Water Resources bollinger bands.
Global Water Resources Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Global Water Resources MACD indicator is above 0 indicating a bullish trend.
Global Water Resources 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 . 69.77 is the RSI value of GWRS stock.