Stericycle Technical Analysis (NASDAQ:SRCL)
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 SRCL stock chart pattern can give those who understand technical analysis an indication of which way SRCL stock is headed, but cannot predict with 100% certainty as to what can happen to the Stericycle stock price.
See Stericycle bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Stericycle stock analysis that does not care for the fair value of a company but uses price and volume data only.
Stericycle Moving Average
Moving averages show the average price of SRCL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $63.75 is below the price of $64.26.
Stericycle 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 SRCL stock. The stock price is trading between the average and the upper band in the context of Stericycle bollinger bands.
Stericycle Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Stericycle MACD indicator is below 0 indicating a bearish trend.
Stericycle Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of SRCL stock is 58.31.