Western Refining Technical Analysis (NYSE:WNR)
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 Refining 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 WNR 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 Refining. 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 Western Refining stock analysis.
Western Refining Moving Average
Moving averages help predict the price direction of WNR 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 $35.81 is below the last closing price of $36.18 and the 50 day moving average of $35.11 is below the last closing price of $36.18. The 10 and 20 day periods can predict short term moving average trends.
Western Refining Bollinger Bands
Bollinger bands comprise of a center line usually WNR SMA, and two WNR 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 $36.18 is in the upper range of Western Refining bollinger bands.
Western Refining 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 Western Refining MACD indicator is below 0 indicating a bearish trend.
Western Refining Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 61.74 is the RSI value of WNR stock.