Layne Christensen Technical Analysis (NASDAQ:LAYN)
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 Layne Christensen 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 LAYN 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 Layne Christensen. The technical analysis form of Layne Christensen stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Layne Christensen Moving Average
Moving averages show the average price of LAYN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Layne Christensen are mostly signals of long term trends and will help long term traders.
Layne Christensen Bollinger Bands
Bollinger bands comprise of a center line usually LAYN SMA, and two LAYN 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. The stock price is trading between the average and the lower band in the context of Layne Christensen bollinger bands.
Layne Christensen 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 Layne Christensen MACD indicator is above 0 indicating a bullish trend.
Layne Christensen Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 53.57 is the RSI value of LAYN stock.