Westamerica Technical Analysis (NASDAQ:WABC)
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. A WABC stock chart pattern can give those who understand technical analysis an indication of which way WABC stock is headed, but cannot predict with 100% certainty as to what can happen to the Westamerica stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Westamerica. The technical analysis form of Westamerica stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Westamerica Moving Average:
Moving averages show the WABC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Westamerica are mostly signals of long term trends and will help long term traders.
Westamerica 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 WABC stock. Westamerica bollinger bands show that the stock price is $54.6, upper band is 47.48, lower band is 44.2, and the average is 45.84.
Westamerica 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 Westamerica MACD line is below the signal line.
Westamerica 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 WABC stock is 34.95. .