WILDHORSE RESRC Technical Analysis (NYSE:WRD)
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 WILDHORSE RESRC 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 WRD stock chart which creates a trading signal.
See WILDHORSE RESRC bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for WILDHORSE RESRC stock analysis that does not care for the fair value of a company but uses price and volume data only.
WILDHORSE RESRC Moving Average
Moving averages show the average price of WRD stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $21.06 is above the last closing price of $18.41 and the 50 day moving average of $23.14 is above the last closing price of $18.41. The 10 and 20 day periods can predict short term moving average trends.
WILDHORSE RESRC 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 WRD stock. The stock price is trading between the average and the lower band in the context of WILDHORSE RESRC bollinger bands.
WILDHORSE RESRC 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 WILDHORSE RESRC MACD indicator is below 0 indicating a bearish trend.
WILDHORSE RESRC Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of WRD stock is 39.7.