West Marine Technical Analysis (NASDAQ:WMAR)
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. Just by looking at the West Marine 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 WMAR stock chart which creates a trading signal.
See West Marine 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 West Marine stock analysis.
West Marine Moving Average
Moving averages show the average price of WMAR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $12.95 is below the price of $12.97.
West Marine 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 WMAR stock. Currently the stock price of $12.97 is in the upper range of West Marine bollinger bands.
West Marine 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 West Marine MACD indicator can be used to identify bullish and bearish trends for the stock.
West Marine 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 . 61.29 is the RSI value of WMAR stock.