Meadowbrook Insurance Technical Analysis (NYSE:MIG)
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 Meadowbrook Insurance stock price data and volume are plotted in MIG stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Meadowbrook Insurance. Technical analysis uses an approach for Meadowbrook Insurance stock analysis that does not care for the fair value of a company but uses price and volume data only.
Meadowbrook Insurance Moving Average
Moving averages help predict the price direction of MIG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Meadowbrook Insurance are mostly signals of long term trends and will help long term traders.
Meadowbrook Insurance Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Meadowbrook Insurance. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Meadowbrook Insurance bollinger bands show that the stock price is $8.64, upper band is 8.64, lower band is 8.48, and the average is 8.56.
Meadowbrook Insurance 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 Meadowbrook Insurance MACD indicator can be used to identify bullish and bearish trends for the stock.
Meadowbrook Insurance 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. If the RSI of MIG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.