Worthington Industries Technical Analysis (NYSE:WOR)
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. The WOR stock chart pattern can give those who understand technical analysis an indication of which way WOR stock is headed, but cannot predict with 100% certainty as to what can happen to the Worthington Industries stock price.
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 Worthington Industries. The technical analysis form of Worthington Industries stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Worthington Industries Moving Average
Moving averages show the WOR 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 $45.34 is above the last closing price of $44.3 and the 50 day moving average of $46.1 is above the last closing price of $44.3. The 10 and 20 day periods can predict short term moving average trends.
Worthington Industries Bollinger Bands
Bollinger bands comprise of a center line usually WOR SMA, and two WOR 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 $44.3 is in the lower range of Worthington Industries bollinger bands.
Worthington Industries 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 Worthington Industries MACD indicator is below 0 indicating a bearish trend.
Worthington Industries Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 40.94 is the RSI value of WOR stock.