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. When a chart pattern that can predict future Waste Connections stock price movements is formed, the WCN stock chart can become a key tool for a technical analyst.
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 help predict the price direction of WCN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer WCN stock price movement for the moving average to change course.
Waste Connections Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Waste Connections stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Waste Connections bollinger bands.
Waste Connections 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 Connections MACD line is below the signal line.
Waste Connections 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 stock is 34.94. .