Monro Muffler Brake Technical Analysis (NASDAQ:MNRO)
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. Just by looking at the Monro Muffler Brake 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 MNRO stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Monro Muffler Brake. The technical analysis form of Monro Muffler Brake stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Monro Muffler Brake Moving Average
Moving averages show the average price of MNRO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $60.52 is below the price of $65.
Monro Muffler Brake Bollinger Bands
Bollinger bands comprise of a center line usually MNRO SMA, and two MNRO 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. Monro Muffler Brake bollinger bands show that the stock price is $65, upper band is 63.97, lower band is 57.07, and the average is 60.52.
Monro Muffler Brake 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 Monro Muffler Brake MACD indicator can be used to identify bullish and bearish trends for the stock.
Monro Muffler Brake Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of MNRO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.