Whole Foods Market Technical Analysis (NASDAQ:WFM)
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. The Whole Foods Market stock price data and volume are plotted in WFM stock charts and these trading charts form the basis of technical analysis.
See Whole Foods Market bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Whole Foods Market stock analysis using these technical indicators helps identify trading opportunities.
Whole Foods Market Moving Average:
Moving averages show the average price of WFM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. 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 WFM stock price movement for the moving average to change course.
Whole Foods Market Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Whole Foods Market. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $41.99 is in the lower range of Whole Foods Market bollinger bands.
Whole Foods Market 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 Whole Foods Market MACD indicator can be used to identify bullish and bearish trends for the stock.
Whole Foods Market 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 . 60 is the RSI value of WFM stock. .