Ritchie Bros. Auctioneers Technical Analysis (NYSE:RBA)
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. The RBA stock chart pattern can give those who understand technical analysis an indication of which way RBA stock is headed, but cannot predict with 100% certainty as to what can happen to the Ritchie Bros. Auctioneers stock price.
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 Ritchie Bros. Auctioneers. Technical analysis uses an approach for Ritchie Bros. Auctioneers stock analysis that does not care for the fair value of a company but uses price and volume data only.
Ritchie Bros. Auctioneers Moving Average
Moving averages show the average price of RBA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $37.86 is above the last closing price of $37.37 and the 50 day moving average of $35.83 is below the last closing price of $37.37. The 10 and 20 day periods can predict short term moving average trends.
Ritchie Bros. Auctioneers Bollinger Bands
Bollinger bands comprise of a center line usually RBA SMA, and two RBA stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Ritchie Bros. Auctioneers bollinger bands show that the stock price is $37.37, upper band is 38.57, lower band is 37.15, and the average is 37.86.
Ritchie Bros. Auctioneers Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Ritchie Bros. Auctioneers MACD indicator can be used to identify bullish and bearish trends for the stock.
Ritchie Bros. Auctioneers Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of RBA stock is 33.