Lancaster Colony Technical Analysis (NASDAQ:LANC)
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 Lancaster Colony 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 LANC stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Lancaster Colony. The technical analysis form of Lancaster Colony stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Lancaster Colony Moving Average
Moving averages show the average price of LANC 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 $126.45 is above the price of $126.3.
Lancaster Colony Bollinger Bands
Bollinger bands comprise of a center line usually LANC SMA, and two LANC 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 $126.3 is in the lower range of Lancaster Colony bollinger bands.
Lancaster Colony 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 Lancaster Colony MACD indicator is below 0 indicating a bearish trend.
Lancaster Colony Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LANC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.