Schnitzer Steel Industries Technical Analysis (NASDAQ:SCHN)
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. The SCHN stock chart pattern can give those who understand technical analysis an indication of which way SCHN stock is headed, but cannot predict with 100% certainty as to what can happen to the Schnitzer Steel Industries stock price.
See Schnitzer Steel Industries bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Schnitzer Steel Industries stock analysis that does not care for the fair value of a company but uses price and volume data only.
Schnitzer Steel Industries Moving Average
Moving averages show the average price of SCHN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Schnitzer Steel Industries are mostly signals of long term trends and will help long term traders.
Schnitzer Steel Industries 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 SCHN stock. The stock price is trading between the average and the lower band in the context of Schnitzer Steel Industries bollinger bands.
Schnitzer Steel Industries 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 Schnitzer Steel Industries MACD indicator is below 0 indicating a bearish trend.
Schnitzer Steel Industries Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of SCHN stock is 7.49.