World Acceptance Corp Technical Analysis (NASDAQ:WRLD)
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 World Acceptance Corp 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 WRLD stock chart which creates a trading signal.
See World Acceptance Corp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 World Acceptance Corp stock analysis.
World Acceptance Corp Moving Average
Moving averages show the average price of WRLD 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 $110.09 is below the last closing price of $111.49 and the 50 day moving average of $113.27 is above the last closing price of $111.49. The 10 and 20 day periods can predict short term moving average trends.
World Acceptance Corp 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 WRLD stock. Currently the stock price of $111.49 is in the upper range of World Acceptance Corp bollinger bands.
World Acceptance Corp 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 World Acceptance Corp MACD line is below the signal line.
World Acceptance Corp 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 . 44.84 is the RSI value of WRLD stock.