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. A 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:
WAIR stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Wesco Aircraft chart patterns after the calculations remain the same. The 100 day moving average of 10.69 is below the last closing price of 11. The 20 day moving average of $10.73 is below the last closing price of $11 and the 50 day moving average of $9.99 is below the $11 price. The 10 and 20 day periods can predict short term moving average trends.
Wesco Aircraft Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Wesco Aircraft. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Wesco Aircraft bollinger bands show that the stock price is $11, upper band is 15.17, lower band is 9.93, and the average is 12.55.
Wesco Aircraft 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 Wesco Aircraft MACD line is below the signal line.
Wesco Aircraft Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of WAIR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .