Walter Investment Technical Analysis (NYSE:WAC)
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 Walter Investment 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 WAC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Walter Investment. The technical analysis form of Walter Investment stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Walter Investment Moving Average
Moving averages show the average price of WAC 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 $0.7 is above the price of $0.6.
Walter Investment Bollinger Bands
Bollinger bands comprise of a center line usually WAC SMA, and two WAC 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. Walter Investment bollinger bands show that the stock price is $0.6, upper band is 0.85, lower band is 0.56, and the average is 0.7.
Walter Investment 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 Walter Investment MACD line is below the signal line.
Walter Investment 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 . If the RSI of WAC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.