Lakeland Technical Analysis (NASDAQ:LAKE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The LAKE stock chart pattern can give those who understand technical analysis an indication of which way LAKE stock is headed, but cannot predict with 100% certainty as to what can happen to the Lakeland stock price.
See Lakeland 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 Lakeland stock analysis.
Lakeland Moving Average
Moving averages show the average price of LAKE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $13.22 is below the price of $13.35.
Lakeland Bollinger Bands
Bollinger bands comprise of a center line usually LAKE SMA, and two LAKE 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. Lakeland bollinger bands show that the stock price is $13.35, upper band is 13.74, lower band is 12.71, and the average is 13.22.
Lakeland 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 Lakeland MACD indicator can be used to identify bullish and bearish trends for the stock.
Lakeland Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LAKE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.