Weight Watchers Technical Analysis (NYSE:WTW)
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 Weight Watchers stock price data and volume are plotted in WTW stock charts and these trading charts form the basis of technical analysis.
See Weight Watchers bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Weight Watchers stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Weight Watchers Moving Average
Moving averages show the average price of WTW 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 $64.21 is below the last closing price of $70.32 and the 50 day moving average of $66.2 is below the last closing price of $70.32. The 10 and 20 day periods can predict short term moving average trends.
Weight Watchers Bollinger Bands
Bollinger bands comprise of a center line usually WTW SMA, and two WTW 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 $70.32 is in the upper range of Weight Watchers bollinger bands.
Weight Watchers 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 Weight Watchers MACD indicator can be used to identify bullish and bearish trends for the stock.
Weight Watchers 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. The relative strength index of WTW stock is 67.9.