Safeway Technical Analysis (NYSE:SWY)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Safeway stock price data and volume are plotted in SWY stock charts and these trading charts form the basis of technical analysis.
See Safeway bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Safeway stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Safeway Moving Average:
Moving averages help predict the price direction of SWY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Safeway are mostly signals of long term trends and will help long term traders.
Safeway 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 SWY stock. Safeway bollinger bands show that the stock price is $35.1, upper band is 35.71, lower band is 33.45, and the average is 34.58.
Safeway 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 Safeway MACD indicator is below 0 indicating a bearish trend.
Safeway Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of SWY stock is 37.7. .