WageWorks Technical Analysis (NYSE:WAGE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the WageWorks 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 WAGE stock chart which creates a trading signal.
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 WageWorks. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of WageWorks stock analysis.
WageWorks Moving Average
Moving averages show the WAGE 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $49.76 is above the price of $46.25.
WageWorks Bollinger Bands
Bollinger bands comprise of a center line usually WAGE SMA, and two WAGE 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. WageWorks bollinger bands show that the stock price is $46.25, upper band is 58.04, lower band is 41.48, and the average is 49.76.
WageWorks 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 WageWorks MACD indicator can be used to identify bullish and bearish trends for the stock.
WageWorks 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 WAGE stock is 34.5.