Sportsman's Warehouse Technical Analysis (NASDAQ:SPWH)
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 SPWH stock chart pattern can give those who understand technical analysis an indication of which way SPWH stock is headed, but cannot predict with 100% certainty as to what can happen to the Sportsman's Warehouse stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sportsman's Warehouse. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Sportsman's Warehouse stock analysis.
Sportsman's Warehouse Moving Average
Moving averages show the SPWH stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $5.88 is below the last closing price of $6.29 and the 50 day moving average of $5.4 is below the last closing price of $6.29. The 10 and 20 day periods can predict short term moving average trends.
Sportsman's Warehouse 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 SPWH stock. Currently the stock price of $6.29 is in the upper range of Sportsman's Warehouse bollinger bands.
Sportsman's Warehouse 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 Sportsman's Warehouse MACD line is below the signal line.
Sportsman's Warehouse 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 SPWH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.