Washington Federal Technical Analysis (NASDAQ:WAFD)
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. Just by looking at the Washington Federal 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 WAFD stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Washington Federal. The technical analysis form of Washington Federal stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Washington Federal Moving Average
Moving averages show the average price of WAFD 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 $35.88 is below the price of $36.35.
Washington Federal Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Washington Federal. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Washington Federal bollinger bands.
Washington Federal 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 Washington Federal MACD line is below the signal line.
Washington Federal 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. If the RSI of WAFD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.