Guggenheim Total Return Bond ETF Technical Analysis (NASDAQ:RNDB)
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 RNDB stock chart pattern can give those who understand technical analysis an indication of which way RNDB stock is headed, but cannot predict with 100% certainty as to what can happen to the Guggenheim Total Return Bond ETF stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Guggenheim Total Return Bond ETF. Technical analysis uses an approach for Guggenheim Total Return Bond ETF stock analysis that does not care for the fair value of a company but uses price and volume data only.
Guggenheim Total Return Bond ETF Moving Average
Moving averages help predict the price direction of RNDB 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 Guggenheim Total Return Bond ETF are mostly signals of long term trends and will help long term traders.
Guggenheim Total Return Bond ETF 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 RNDB stock. Guggenheim Total Return Bond ETF bollinger bands show that the stock price is $16.59, upper band is 16.43, lower band is 15.78, and the average is 16.1.
Guggenheim Total Return Bond ETF 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 Guggenheim Total Return Bond ETF MACD indicator is above 0 indicating a bullish trend.
Guggenheim Total Return Bond ETF Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of RNDB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.