Wayne Savings Bancshares Technical Analysis (OTCMKTS:WAYN)
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. The WAYN stock chart pattern can give those who understand technical analysis an indication of which way WAYN stock is headed, but cannot predict with 100% certainty as to what can happen to the Wayne Savings Bancshares stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Wayne Savings Bancshares. The technical analysis form of Wayne Savings Bancshares stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Wayne Savings Bancshares Moving Average
Moving averages show the average price of WAYN 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 Wayne Savings Bancshares are mostly signals of long term trends and will help long term traders.
Wayne Savings Bancshares Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Wayne Savings Bancshares. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Wayne Savings Bancshares bollinger bands.
Wayne Savings Bancshares Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Wayne Savings Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.
Wayne Savings Bancshares 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. 40.99 is the RSI value of WAYN stock.