Mead Johnson Nutrition Technical Analysis (NYSE:MJN)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Mead Johnson Nutrition 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 MJN stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Mead Johnson Nutrition. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Mead Johnson Nutrition stock analysis.
Mead Johnson Nutrition Moving Average
Moving averages show the MJN 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 $89.55 is below the price of $89.98.
Mead Johnson Nutrition Bollinger Bands
Bollinger bands comprise of a center line usually MJN SMA, and two MJN 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. Mead Johnson Nutrition bollinger bands show that the stock price is $89.98, upper band is 90.4, lower band is 88.69, and the average is 89.55.
Mead Johnson Nutrition Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Mead Johnson Nutrition MACD line is above the signal line.
Mead Johnson Nutrition Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 92.23 is the RSI value of MJN stock.