Lazard Technical Analysis (NYSE:LAZ)
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 Lazard 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 LAZ stock chart which creates a trading signal.
See Lazard 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 Lazard stock analysis.
Lazard Moving Average
Moving averages help predict the price direction of LAZ stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Lazard are mostly signals of long term trends and will help long term traders.
Lazard Bollinger Bands
Bollinger bands comprise of a center line usually LAZ SMA, and two LAZ 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. Lazard bollinger bands show that the stock price is $48.87, upper band is 54.99, lower band is 48.86, and the average is 51.92.
Lazard 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 Lazard MACD line is above the signal line.
Lazard Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LAZ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.