RPM International Technical Analysis (NYSE:RPM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The RPM stock chart pattern can give those who understand technical analysis an indication of which way RPM stock is headed, but cannot predict with 100% certainty as to what can happen to the RPM International stock price.
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 RPM International. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of RPM International stock analysis.
RPM International Moving Average
Moving averages help predict the price direction of RPM 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 $56.91 is below the last closing price of $60.8 and the 50 day moving average of $53.06 is below the last closing price of $60.8. The 10 and 20 day periods can predict short term moving average trends.
RPM International Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like RPM International. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of RPM International bollinger bands.
RPM International 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 RPM International MACD line is below the signal line.
RPM International 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 . The relative strength index of RPM stock is 82.88.