Veritiv Technical Analysis (NYSE:VRTV)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Veritiv stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the VRTV stock chart which creates a trading signal.
See Veritiv bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Veritiv stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Veritiv Moving Average
Moving averages show the VRTV 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Veritiv are mostly signals of long term trends and will help long term traders.
Veritiv Bollinger Bands
Bollinger bands comprise of a center line usually VRTV SMA, and two VRTV stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Veritiv bollinger bands.
Veritiv 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 Veritiv MACD line is above the signal line.
Veritiv 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 VRTV stock is 18.07.