Lindsay Technical Analysis (NYSE:LNN)
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 Lindsay stock price data and volume are plotted in LNN stock charts and these trading charts form the basis of technical analysis.
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 Lindsay. 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 Lindsay stock analysis.
Lindsay Moving Average
Moving averages help predict the price direction of LNN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $100.14 is above the last closing price of $97.88 and the 50 day moving average of $95.33 is below the last closing price of $97.88. The 10 and 20 day periods can predict short term moving average trends.
Lindsay Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the LNN stock. Lindsay bollinger bands show that the stock price is $97.88, upper band is 102.66, lower band is 97.61, and the average is 100.14.
Lindsay 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 Lindsay MACD line is below the signal line.
Lindsay Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of LNN stock is 39.8.