Media General Technical Analysis (NYSE:MEG)
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. The MEG stock chart pattern can give those who understand technical analysis an indication of which way MEG stock is headed, but cannot predict with 100% certainty as to what can happen to the Media General stock price.
See Media General bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Media General stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Media General Moving Average
Moving averages show the MEG 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. The 20 day moving average of $18.75 is above the last closing price of $18.51 and the 50 day moving average of $18.42 is below the last closing price of $18.51. The 10 and 20 day periods can predict short term moving average trends.
Media General Bollinger Bands
Bollinger bands comprise of a center line usually MEG SMA, and two MEG 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. The stock price is trading between the average and the lower band in the context of Media General bollinger bands.
Media General 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 Media General MACD indicator can be used to identify bullish and bearish trends for the stock.
Media General Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of MEG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.