WMIH Corp Technical Analysis (NASDAQ:WMIH)
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 WMIH 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 WMIH stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for WMIH Corp. 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 WMIH Corp stock analysis.
WMIH Corp Moving Average
Moving averages show the WMIH 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.38 is below the price of $1.41.
WMIH Corp Bollinger Bands
Bollinger bands comprise of a center line usually WMIH SMA, and two WMIH stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $1.41 is in the upper range of WMIH Corp bollinger bands.
WMIH Corp 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 WMIH Corp MACD indicator is below 0 indicating a bearish trend.
WMIH 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 WMIH stock is 59.26.