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. Just by looking at the Morningstar 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 MORN stock chart which creates a trading signal.
See Morningstar bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 help predict the price direction of MORN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $95.73 is below the last closing price of $96.65 and the 50 day moving average of $96.34 is below the last closing price of $96.65. The 10 and 20 day periods can predict short term moving average trends.
Morningstar Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MORN stock. Currently the stock price of $96.65 is in the upper range 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 indicator is below 0 indicating a bearish trend.
Morningstar Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of MORN stock is 52.11.