Western Asset Mortgage Corp Technical Analysis (NYSE:WMC)
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 Western Asset Mortgage Corp 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 WMC stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Western Asset Mortgage Corp. The technical analysis form of Western Asset Mortgage Corp 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 Asset Mortgage Corp Moving Average
Moving averages show the WMC 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Western Asset Mortgage Corp are mostly signals of long term trends and will help long term traders.
Western Asset Mortgage Corp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Western Asset Mortgage Corp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Western Asset Mortgage Corp bollinger bands.
Western Asset Mortgage Corp 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 Western Asset Mortgage Corp MACD line is above the signal line.
Western Asset Mortgage Corp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of WMC stock is 46.73.