Reed Elsevier Technical Analysis (NYSE:RENX)
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. The RENX stock chart pattern can give those who understand technical analysis an indication of which way RENX stock is headed, but cannot predict with 100% certainty as to what can happen to the Reed Elsevier stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Reed Elsevier. Technical analysis uses an approach for Reed Elsevier stock analysis that does not care for the fair value of a company but uses price and volume data only.
Reed Elsevier Moving Average
Moving averages help predict the price direction of RENX 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 $21.19 is above the last closing price of $21.02 and the 50 day moving average of $22.13 is above the last closing price of $21.02. The 10 and 20 day periods can predict short term moving average trends.
Reed Elsevier Bollinger Bands
Bollinger bands comprise of a center line usually RENX SMA, and two RENX 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. The stock price is trading between the average and the lower band in the context of Reed Elsevier bollinger bands.
Reed Elsevier 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 Reed Elsevier MACD indicator is below 0 indicating a bearish trend.
Reed Elsevier 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. The relative strength index of RENX stock is 37.82.