LendingClub Technical Analysis (NYSE:LC)
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 LC stock chart pattern can give those who understand technical analysis an indication of which way LC stock is headed, but cannot predict with 100% certainty as to what can happen to the LendingClub stock price.
See LendingClub bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for LendingClub stock analysis that does not care for the fair value of a company but uses price and volume data only.
LendingClub Moving Average
Moving averages help predict the price direction of LC 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 LendingClub are mostly signals of long term trends and will help long term traders.
LendingClub Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like LendingClub. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. LendingClub bollinger bands show that the stock price is $3.35, upper band is 4.15, lower band is 3.45, and the average is 3.8.
LendingClub 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 LendingClub MACD indicator is below 0 indicating a bearish trend.
LendingClub 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. The relative strength index of LC stock is 39.87.