Waste Connections Technical Analysis (NYSE:WCN)
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. Just by looking at the Waste Connections 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 stock chart which creates a trading signal.
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 Waste Connections. Technical analysis uses an approach for Waste Connections stock analysis that does not care for the fair value of a company but uses price and volume data only.
Waste Connections Moving Average
Moving averages show the WCN stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $70.12 is below the price of $70.93.
Waste Connections Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Waste Connections. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Waste Connections bollinger bands show that the stock price is $70.93, upper band is 74.67, lower band is 65.57, and the average is 70.12.
Waste Connections 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 Waste Connections MACD indicator is below 0 indicating a bearish trend.
Waste Connections 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. The relative strength index of WCN stock is 44.44.