Lamar Advertising Technical Analysis (NASDAQ:LAMR)
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 Lamar Advertising stock price data and volume are plotted in LAMR stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Lamar Advertising. 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 Lamar Advertising stock analysis.
Lamar Advertising Moving Average
Moving averages show the average price of LAMR 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 $77.2 is below the last closing price of $77.95 and the 50 day moving average of $74.47 is below the last closing price of $77.95. The 10 and 20 day periods can predict short term moving average trends.
Lamar Advertising Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the LAMR stock. Currently the stock price of $77.95 is in the upper range of Lamar Advertising bollinger bands.
Lamar Advertising 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 Lamar Advertising MACD indicator can be used to identify bullish and bearish trends for the stock.
Lamar Advertising Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LAMR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.