Willdan Technical Analysis (NASDAQ:WLDN)
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. Just by looking at the Willdan 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 WLDN stock chart which creates a trading signal.
See Willdan 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 Willdan stock analysis.
Willdan Moving Average:
Moving averages show the WLDN stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $30.19 is below the price of $30.79.
Willdan Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Willdan. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $30.79 is in the lower range of Willdan bollinger bands.
Willdan 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 Willdan MACD indicator can be used to identify bullish and bearish trends for the stock.
Willdan Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of WLDN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .