Lindsay Technical Analysis (NYSE:LNN)
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. When a chart pattern that can predict future Lindsay stock price movements is formed, the LNN stock chart can become a key tool for a technical analyst.
See Lindsay bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Lindsay stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
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 $86.62 is below the last closing price of $89.96 and the 50 day moving average of $88.63 is below the $89.96 price. The 10 and 20 day periods can predict short term moving average trends.
Lindsay Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Lindsay stock price relative to previous trades. Lindsay bollinger bands show that the stock price is $89.96, upper band is 44.67, lower band is 28.85, and the average is 36.76.
Lindsay 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 Lindsay MACD line is above 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 73.81. .