Washington Trust Technical Analysis (NASDAQ:WASH)
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 Trust 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 WASH stock chart which creates a trading signal.
See Washington Trust bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Washington Trust 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 Trust Moving Average
Moving averages show the average price of WASH stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Washington Trust are mostly signals of long term trends and will help long term traders.
Washington Trust Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Washington Trust. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $54.1 is in the upper range of Washington Trust bollinger bands.
Washington Trust 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 Trust MACD indicator can be used to identify bullish and bearish trends for the stock.
Washington Trust 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 WASH stock is 46.19.