Meridian Waste Solutions Technical Analysis (NASDAQ:MRDN)
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 Meridian Waste Solutions 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 MRDN stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Meridian Waste Solutions. The technical analysis form of Meridian Waste Solutions stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
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. The 20 day moving average of $1 is above the last closing price of $0.82 and the 50 day moving average of $1.06 is above the last closing price of $0.82. The 10 and 20 day periods can predict short term moving average trends.
Meridian Waste Solutions 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 MRDN stock. Meridian Waste Solutions bollinger bands show that the stock price is $0.82, upper band is 1.16, lower band is 0.84, and the average is 1.
Meridian Waste Solutions 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 Meridian Waste Solutions MACD indicator can be used to identify bullish and bearish trends for the stock.
Meridian Waste Solutions Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 27.11 is the RSI value of MRDN stock.