Westmoreland Technical Analysis (NYSE:WMLP)
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. The WMLP stock chart pattern can give those who understand technical analysis an indication of which way WMLP stock is headed, but cannot predict with 100% certainty as to what can happen to the Westmoreland stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Westmoreland. Technical analysis uses an approach for Westmoreland stock analysis that does not care for the fair value of a company but uses price and volume data only.
Westmoreland Moving Average
Moving averages help predict the price direction of WMLP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $2.06 is above the last closing price of $1.69 and the 50 day moving average of $1.54 is below the last closing price of $1.69. The 10 and 20 day periods can predict short term moving average trends.
Westmoreland 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 WMLP stock. Westmoreland bollinger bands show that the stock price is $1.69, upper band is 3, lower band is 1.13, and the average is 2.06.
Westmoreland 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 Westmoreland MACD indicator is above 0 indicating a bullish trend.
Westmoreland Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of WMLP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.