Weis Markets Technical Analysis (NYSE:WMK)
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. Just by looking at the Weis Markets 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 WMK 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 Weis Markets. The technical analysis form of Weis Markets stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
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 or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $39.36 is below the last closing price of $39.5 and the 50 day moving average of $40.38 is above the last closing price of $39.5. The 10 and 20 day periods can predict short term moving average trends.
Weis Markets 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 WMK stock. Weis Markets bollinger bands show that the stock price is $39.5, upper band is 42.21, lower band is 36.51, and the average is 39.36.
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 is below 0 indicating a bearish trend.
Weis Markets 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 . The relative strength index of WMK stock is 41.95.