LendingClub Technical Analysis (NYSE:LC)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. Just by looking at the LendingClub 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 LC 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 LendingClub. 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 LendingClub stock analysis.
LendingClub Moving Average:
LC stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of LendingClub chart patterns after the calculations remain the same. The 100 day moving average of 5.61 is below the last closing price of 6. The 20 day moving average of $5.61 is below the last closing price of $6 and the 50 day moving average of $5.53 is below the $6 price. The 10 and 20 day periods can predict short term moving average trends.
LendingClub Bollinger Bands:
Bollinger bands comprise of a center line usually LC SMA, and two LC stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. LendingClub bollinger bands show that the stock price is $6, upper band is 27.9, lower band is 20.94, and the average is 24.42.
LendingClub 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 LendingClub MACD indicator can be used to identify bullish and bearish trends for the stock.
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 69.7. .