WSI Industries Technical Analysis (NASDAQ:WSCI)
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 WSCI stock chart pattern can give those who understand technical analysis an indication of which way WSCI stock is headed, but cannot predict with 100% certainty as to what can happen to the WSI 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 WSI Industries. 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 WSI Industries stock analysis.
WSI Industries Moving Average
Moving averages show the average price of WSCI 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 $6.23 is below the last closing price of $6.95 and the 50 day moving average of $5.74 is below the last closing price of $6.95. The 10 and 20 day periods can predict short term moving average trends.
WSI Industries 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 WSCI stock. WSI Industries bollinger bands show that the stock price is $6.95, upper band is 7.76, lower band is 4.69, and the average is 6.23.
WSI Industries 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 WSI Industries MACD indicator is below 0 indicating a bearish trend.
WSI Industries 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 WSCI stock is 85.56.