McClatchy Technical Analysis (NYSEMKT:MNI)
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. Just by looking at the McClatchy 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 MNI 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 McClatchy. 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 McClatchy stock analysis.
McClatchy Moving Average
Moving averages show the average price of MNI 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 McClatchy are mostly signals of long term trends and will help long term traders.
McClatchy Bollinger Bands
Bollinger bands comprise of a center line usually MNI SMA, and two MNI 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. Currently the stock price of $9.34 is in the upper range of McClatchy bollinger bands.
McClatchy 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 McClatchy MACD indicator is below 0 indicating a bearish trend.
McClatchy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 46.87 is the RSI value of MNI stock.