Wesco Aircraft Technical Analysis (NYSE:WAIR)
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. The WAIR stock chart pattern can give those who understand technical analysis an indication of which way WAIR stock is headed, but cannot predict with 100% certainty as to what can happen to the Wesco Aircraft 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 Wesco Aircraft. Technical analysis uses an approach for Wesco Aircraft stock analysis that does not care for the fair value of a company but uses price and volume data only.
Wesco Aircraft Moving Average
Moving averages show the average price of WAIR 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 $11.62 is above the price of $11.15.
Wesco Aircraft Bollinger Bands
Bollinger bands comprise of a center line usually WAIR SMA, and two WAIR 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. Currently the stock price of $11.15 is in the lower range of Wesco Aircraft bollinger bands.
Wesco Aircraft 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 Wesco Aircraft MACD indicator can be used to identify bullish and bearish trends for the stock.
Wesco Aircraft 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 WAIR stock is 26.32.