Monogram Residential Trust Technical Analysis (NYSE:MORE)
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. When a chart pattern that can predict future Monogram Residential Trust stock price movements is formed, the MORE stock chart can become a key tool for a technical analyst.
See Monogram Residential Trust bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Monogram Residential Trust stock analysis using these technical indicators helps identify trading opportunities.
Monogram Residential Trust Moving Average:
Moving averages show the MORE stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling MORE moving average implies that Monogram Residential Trust stock price is falling.
Monogram Residential Trust Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Monogram Residential Trust stock price relative to previous trades. Monogram Residential Trust bollinger bands show that the stock price is $11.95, upper band is 9.65, lower band is 8.69, and the average is 9.17.
Monogram Residential Trust 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 Monogram Residential Trust MACD indicator is above 0 indicating a bullish trend.
Monogram Residential Trust Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of MORE stock is 48.28. .