Lifeway Foods Technical Analysis (NASDAQ:LWAY)
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 LWAY stock chart pattern can give those who understand technical analysis an indication of which way LWAY stock is headed, but cannot predict with 100% certainty as to what can happen to the Lifeway Foods stock price.
See Lifeway Foods bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Lifeway Foods stock analysis that does not care for the fair value of a company but uses price and volume data only.
Lifeway Foods Moving Average
Moving averages help predict the price direction of LWAY 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 $6.67 is above the price of $6.36.
Lifeway Foods Bollinger Bands
Bollinger bands comprise of a center line usually LWAY SMA, and two LWAY stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Lifeway Foods bollinger bands show that the stock price is $6.36, upper band is 7.01, lower band is 6.33, and the average is 6.67.
Lifeway Foods 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 Lifeway Foods MACD line is below the signal line.
Lifeway Foods 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 LWAY stock is 36.21.