Weis Markets Technical Analysis (NYSE:WMK)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Weis Markets stock price movements is formed, the WMK stock chart can become a key tool for a technical analyst.
See Weis Markets bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Weis Markets stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Weis Markets Moving Average:
Moving averages show the WMK stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Weis Markets are mostly signals of long term trends and will help long term traders.
Weis Markets Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Weis Markets. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $43.13 is in the lower range of Weis Markets bollinger bands.
Weis Markets Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Weis Markets MACD indicator can be used to identify bullish and bearish trends for the stock.
Weis Markets 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 WMK stock is 45.1. .