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. A WAFD stock chart pattern can give those who understand technical analysis an indication of which way WAFD stock is headed, but cannot predict with 100% certainty as to what can happen to the Washington Federal stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Washington Federal. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Washington Federal stock analysis using these technical indicators helps identify trading opportunities.
Washington Federal Moving Average:
Moving averages show the WAFD stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer WAFD stock price movement for the moving average to change course.
Washington Federal Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Washington Federal stock price relative to previous trades. Currently the stock price of $31.45 is in the lower range 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 gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Washington Federal MACD indicator can be used to identify bullish and bearish trends for the stock.
Washington Federal 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. 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. .