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. A 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. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Media General stock analysis using these technical indicators helps identify trading opportunities.
Media General Moving Average:
MEG stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Media General chart patterns after the calculations remain the same. The 100 day moving average of 18.11 is below the last closing price of 18.51. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Media General are mostly signals of long term trends and will help long term traders.
Media General Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Media General stock price relative to previous trades. Currently the stock price of $18.51 is in the upper range of Media General bollinger bands.
Media General 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 Media General MACD line is below the signal line.
Media General Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of MEG stock is 44.49. .