Moneygram International Technical Analysis (NASDAQ:MGI)
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. Just by looking at the Moneygram International 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 MGI stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Moneygram International. The technical analysis form of Moneygram International stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Moneygram International Moving Average:
Moving averages show the average price of MGI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Moneygram International are mostly signals of long term trends and will help long term traders.
Moneygram International 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 MGI stock. Currently the stock price of $16.13 is in the upper range of Moneygram International bollinger bands.
Moneygram International 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 Moneygram International MACD indicator is above 0 indicating a bullish trend.
Moneygram International 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 . 57.28 is the RSI value of MGI stock. .