Western Asset Worldwide Income Fund Technical Analysis (NYSE:SBW)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. The SBW Chart pattern can give those who understand technical analysis an indication of which way SBW stock is headed, but cannot predict with 100% certainty as to what can happen to the Western Asset Worldwide Income Fund Price.
See Western Asset Worldwide Income Fund bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Western Asset Worldwide Income Fund Analysis.
Western Asset Worldwide Income Fund Moving Average
Moving averages help predict the price direction of SBW 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 Western Asset Worldwide Income Fund are mostly signals of long term trends and will help long term traders.
Western Asset Worldwide Income Fund Bollinger Bands
Bollinger bands comprise of a center line usually SBW SMA, and two SBW 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 Price moves closer towards the lower band. Currently the Price of $10.86 is in the upper range of Western Asset Worldwide Income Fund bollinger bands.
Western Asset Worldwide Income Fund Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the Price trend, as the indicator is useful in understanding the strength, direction and momentum of the Price. The Western Asset Worldwide Income Fund MACD line is below the signal line.
Western Asset Worldwide Income Fund Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of SBW stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.