Workiva Technical Analysis (NYSE:WK)
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 Workiva 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 WK stock chart which creates a trading signal.
See Workiva bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Workiva stock analysis.
Workiva Moving Average
Moving averages help predict the price direction of WK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $27.67 is below the last closing price of $30.7 and the 50 day moving average of $26.22 is below the last closing price of $30.7. The 10 and 20 day periods can predict short term moving average trends.
Workiva Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Workiva. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $30.7 is in the upper range of Workiva bollinger bands.
Workiva 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 Workiva MACD indicator can be used to identify bullish and bearish trends for the stock.
Workiva 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 WK stock is 82.46.