RLJ Lodging Technical Analysis (NYSE:RLJ)
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. Just by looking at the RLJ Lodging 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 RLJ stock chart which creates a trading signal.
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 RLJ Lodging. Technical analysis uses an approach for RLJ Lodging stock analysis that does not care for the fair value of a company but uses price and volume data only.
RLJ Lodging Moving Average
Moving averages help predict the price direction of RLJ 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 $22.09 is below the last closing price of $22.46 and the 50 day moving average of $22.2 is below the last closing price of $22.46. The 10 and 20 day periods can predict short term moving average trends.
RLJ Lodging 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 RLJ stock. RLJ Lodging bollinger bands show that the stock price is $22.46, upper band is 22.52, lower band is 21.66, and the average is 22.09.
RLJ Lodging 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 RLJ Lodging MACD indicator can be used to identify bullish and bearish trends for the stock.
RLJ Lodging Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 59.77 is the RSI value of RLJ stock.