WR Berkley Technical Analysis (NYSE:WRB)
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 WRB stock chart pattern can give those who understand technical analysis an indication of which way WRB stock is headed, but cannot predict with 100% certainty as to what can happen to the WR Berkley stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for WR Berkley. 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 WR Berkley stock analysis.
WR Berkley Moving Average
Moving averages show the average price of WRB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $70.47 is below the price of $71.44.
WR Berkley Bollinger Bands
Bollinger bands comprise of a center line usually WRB SMA, and two WRB 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. The stock price is trading between the average and the upper band in the context of WR Berkley bollinger bands.
WR Berkley 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 WR Berkley MACD line is below the signal line.
WR Berkley 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 . If the RSI of WRB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.