Meridian Waste Solutions Technical Analysis (NASDAQ:MRDN)
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. When a chart pattern that can predict future Meridian Waste Solutions stock price movements is formed, the MRDN stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Meridian Waste Solutions. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Meridian Waste Solutions stock analysis using these technical indicators helps identify trading opportunities.
Meridian Waste Solutions Moving Average:
Moving averages help predict the price direction of MRDN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer MRDN stock price movement for the moving average to change course.
Meridian Waste Solutions Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Meridian Waste Solutions. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Meridian Waste Solutions bollinger bands show that the stock price is $1.19, upper band is 34.99, lower band is 34.99, and the average is 34.99.
Meridian Waste Solutions 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 Meridian Waste Solutions MACD line is below the signal line.
Meridian Waste Solutions 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 MRDN stock is 49.38. .