Morningstar Technical Analysis (NASDAQ:MORN)
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. A MORN stock chart pattern can give those who understand technical analysis an indication of which way MORN stock is headed, but cannot predict with 100% certainty as to what can happen to the Morningstar stock price.
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 Morningstar. The technical analysis form of Morningstar stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Morningstar Moving Average:
Moving averages show the average price of MORN 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 Morningstar are mostly signals of long term trends and will help long term traders.
Morningstar Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Morningstar. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Morningstar bollinger bands.
Morningstar 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 Morningstar MACD line is below the signal line.
Morningstar Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of MORN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .