Willis Towers Technical Analysis (NASDAQ:WLTW)
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 WLTW stock chart pattern can give those who understand technical analysis an indication of which way WLTW stock is headed, but cannot predict with 100% certainty as to what can happen to the Willis Towers stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Willis Towers. The technical analysis form of Willis Towers stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Willis Towers Moving Average
Moving averages show the WLTW stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $159.59 is below the last closing price of $162.8 and the 50 day moving average of $157.74 is below the last closing price of $162.8. The 10 and 20 day periods can predict short term moving average trends.
Willis Towers 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 WLTW stock. The stock price is trading between the average and the upper band in the context of Willis Towers bollinger bands.
Willis Towers 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 Willis Towers MACD indicator can be used to identify bullish and bearish trends for the stock.
Willis Towers Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of WLTW stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.