Limoneira Technical Analysis (NASDAQ:LMNR)
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 Limoneira 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 LMNR 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 Limoneira. Technical analysis uses an approach for Limoneira stock analysis that does not care for the fair value of a company but uses price and volume data only.
Limoneira Moving Average
Moving averages help predict the price direction of LMNR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $23.64 is below the price of $24.12.
Limoneira Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Limoneira. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Limoneira bollinger bands.
Limoneira Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Limoneira MACD indicator is below 0 indicating a bearish trend.
Limoneira 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 LMNR stock is 56.36.