MSC Industrial Direct Technical Analysis (NYSE:MSM)
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. The MSC Industrial Direct stock price data and volume are plotted in MSM stock charts and these trading charts form the basis of technical analysis.
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 MSC Industrial Direct. Technical analysis uses an approach for MSC Industrial Direct stock analysis that does not care for the fair value of a company but uses price and volume data only.
MSC Industrial Direct Moving Average
Moving averages show the MSM stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $92.14 is above the price of $89.14.
MSC Industrial Direct 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 MSM stock. MSC Industrial Direct bollinger bands show that the stock price is $89.14, upper band is 94.94, lower band is 89.34, and the average is 92.14.
MSC Industrial Direct 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 MSC Industrial Direct MACD line is below the signal line.
MSC Industrial Direct 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. If the RSI of MSM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.