MSC Industrial Direct Technical Analysis (NYSE:MSM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. When a chart pattern that can predict future MSC Industrial Direct stock price movements is formed, the MSM stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), 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 help predict the price direction of MSM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for MSC Industrial Direct are mostly signals of long term trends and will help long term traders.
MSC Industrial Direct Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like MSC Industrial Direct. 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 MSC Industrial Direct bollinger bands.
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 above the signal line.
MSC Industrial Direct Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 87.42 is the RSI value of MSM stock. .