Wayside Technology Technical Analysis (NASDAQ:WSTG)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The WSTG stock chart pattern can give those who understand technical analysis an indication of which way WSTG stock is headed, but cannot predict with 100% certainty as to what can happen to the Wayside Technology stock price.
See Wayside Technology 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 Wayside Technology stock analysis.
Wayside Technology Moving Average
Moving averages show the WSTG 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Wayside Technology are mostly signals of long term trends and will help long term traders.
Wayside Technology Bollinger Bands
Bollinger bands comprise of a center line usually WSTG SMA, and two WSTG 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 $14 is in the lower range of Wayside Technology bollinger bands.
Wayside Technology Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Wayside Technology MACD indicator can be used to identify bullish and bearish trends for the stock.
Wayside Technology Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of WSTG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.