Lee Enterprises Technical Analysis (NYSE:LEE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The LEE stock chart pattern can give those who understand technical analysis an indication of which way LEE stock is headed, but cannot predict with 100% certainty as to what can happen to the Lee Enterprises stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Lee Enterprises. The technical analysis form of Lee Enterprises stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Lee Enterprises Moving Average
Moving averages show the average price of LEE 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 $2.82 is above the price of $2.75.
Lee Enterprises Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Lee Enterprises. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $2.75 is in the lower range of Lee Enterprises bollinger bands.
Lee Enterprises 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 Lee Enterprises MACD line is below the signal line.
Lee Enterprises Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LEE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.