Roundy's Technical Analysis (NYSE:RNDY)
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. Just by looking at the Roundy's 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 RNDY stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Roundy's. Technical analysis uses an approach for Roundy's stock analysis that does not care for the fair value of a company but uses price and volume data only.
Roundy's Moving Average
Moving averages help predict the price direction of RNDY 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 $3.59 is below the last closing price of $3.6 and the 50 day moving average of $2.99 is below the last closing price of $3.6. The 10 and 20 day periods can predict short term moving average trends.
Roundy's 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 RNDY stock. Roundy's bollinger bands show that the stock price is $3.6, upper band is 3.61, lower band is 3.57, and the average is 3.59.
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
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 50 is the RSI value of RNDY stock.