Ryerson Holding Technical Analysis (NYSE:RYI)
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 Ryerson Holding stock price data and volume are plotted in RYI stock charts and these trading charts form the basis of technical analysis.
See Ryerson Holding bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Ryerson Holding stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ryerson Holding Moving Average
Moving averages show the average price of RYI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $11.66 is above the last closing price of $10.4 and the 50 day moving average of $11.83 is above the last closing price of $10.4. The 10 and 20 day periods can predict short term moving average trends.
Ryerson Holding Bollinger Bands
Bollinger bands comprise of a center line usually RYI SMA, and two RYI stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Ryerson Holding bollinger bands.
Ryerson Holding 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 Ryerson Holding MACD indicator can be used to identify bullish and bearish trends for the stock.
Ryerson Holding Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 25 is the RSI value of RYI stock.