Roundy's Technical Analysis (NYSE:RNDY)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Roundy's stock price data and volume are plotted in RNDY stock charts and these trading charts form the basis of technical analysis.
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 Roundy's. The technical analysis form of Roundy's stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Roundy's Moving Average:
RNDY stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Roundy's chart patterns after the calculations remain the same. The 100 day moving average of 2.74 is below the last closing price of 3.6. A rise in trend over the long term indicates a long term uptrend. Similarly a falling RNDY moving average implies that Roundy's stock price is falling.
Roundy's Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Roundy's. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $3.6 is in the upper range of Roundy's bollinger bands.
Roundy's 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 Roundy's MACD indicator can be used to identify bullish and bearish trends for the stock.
Roundy's Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of RNDY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .