Western Gas Technical Analysis (NYSE:WGP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Western Gas stock price data and volume are plotted in WGP stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Western Gas. The technical analysis form of Western Gas stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Western Gas Moving Average
Moving averages help predict the price direction of WGP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Western Gas are mostly signals of long term trends and will help long term traders.
Western Gas 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 WGP stock. The stock price is trading between the average and the lower band in the context of Western Gas bollinger bands.
Western Gas Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Western Gas MACD indicator is above 0 indicating a bullish trend.
Western Gas Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 41.1 is the RSI value of WGP stock.