SiteOne Landscape Supply Technical Analysis (NYSE:SITE)
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 SiteOne Landscape Supply stock price data and volume are plotted in SITE stock charts and these trading charts form the basis of technical analysis.
See SiteOne Landscape Supply bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking SiteOne Landscape Supply stock analysis using these technical indicators helps identify trading opportunities.
SiteOne Landscape Supply Moving Average:
Moving averages help predict the price direction of SITE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for SITE trend identification. A rising moving average shows that stock prices are generally increasing.
SiteOne Landscape Supply Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like SiteOne Landscape Supply. 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 lower band in the context of SiteOne Landscape Supply bollinger bands.
SiteOne Landscape Supply 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 SiteOne Landscape Supply MACD indicator can be used to identify bullish and bearish trends for the stock.
SiteOne Landscape Supply 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 SITE stock is 94.2. .