WASTE CONNX-OLD Technical Analysis (NYSE:WCN.2)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the WASTE CONNX-OLD 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 WCN.2 stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for WASTE CONNX-OLD. 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 WASTE CONNX-OLD stock analysis.
WASTE CONNX-OLD Moving Average:
Moving averages show the average price of WCN.2 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 $68.64 is above the price of $65.47.
WASTE CONNX-OLD Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the WCN.2 stock. WASTE CONNX-OLD bollinger bands show that the stock price is $65.47, upper band is 20.88, lower band is 19.62, and the average is 20.25.
WASTE CONNX-OLD 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 WASTE CONNX-OLD MACD indicator is above 0 indicating a bullish trend.
WASTE CONNX-OLD 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 WCN.2 stock is 33.73. .