Shoe Carnival Technical Analysis (NASDAQ:SCVL)
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 Shoe Carnival stock price data and volume are plotted in SCVL stock charts and these trading charts form the basis of technical analysis.
See Shoe Carnival bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Shoe Carnival stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Shoe Carnival Moving Average
Moving averages show the average price of SCVL 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 Shoe Carnival are mostly signals of long term trends and will help long term traders.
Shoe Carnival 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 SCVL stock. Shoe Carnival bollinger bands show that the stock price is $41.13, upper band is 45.6, lower band is 34, and the average is 39.8.
Shoe Carnival 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 Shoe Carnival MACD indicator can be used to identify bullish and bearish trends for the stock.
Shoe Carnival 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. The relative strength index of SCVL stock is 40.18.