La-Z-Boy Technical Analysis (NYSE:LZB)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the La-Z-Boy 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 LZB stock chart which creates a trading signal.
See La-Z-Boy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for La-Z-Boy stock analysis that does not care for the fair value of a company but uses price and volume data only.
La-Z-Boy Moving Average
Moving averages show the LZB stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $30.98 is below the price of $31.15.
La-Z-Boy 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 LZB stock. The stock price is trading between the average and the upper band in the context of La-Z-Boy bollinger bands.
La-Z-Boy 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 La-Z-Boy MACD indicator is above 0 indicating a bullish trend.
La-Z-Boy 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. 37.04 is the RSI value of LZB stock.