Wintrust Financial Technical Analysis (NASDAQ:WTFC)
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. Just by looking at the Wintrust Financial 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 WTFC stock chart which creates a trading signal.
See Wintrust Financial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Wintrust Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Wintrust Financial Moving Average
Moving averages show the average price of WTFC 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 $89.01 is below the price of $90.75.
Wintrust Financial Bollinger Bands
Bollinger bands comprise of a center line usually WTFC SMA, and two WTFC 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 $90.75 is in the upper range of Wintrust Financial bollinger bands.
Wintrust Financial 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 Wintrust Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Wintrust Financial 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 . 51.98 is the RSI value of WTFC stock.