World Wrestling Entertainment Technical Analysis (NYSE:WWE)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the World Wrestling Entertainment 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 WWE stock chart which creates a trading signal.
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 World Wrestling Entertainment. Technical analysis uses an approach for World Wrestling Entertainment stock analysis that does not care for the fair value of a company but uses price and volume data only.
World Wrestling Entertainment Moving Average
Moving averages show the WWE 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 World Wrestling Entertainment are mostly signals of long term trends and will help long term traders.
World Wrestling Entertainment Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like World Wrestling Entertainment. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of World Wrestling Entertainment bollinger bands.
World Wrestling Entertainment 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 World Wrestling Entertainment MACD indicator is below 0 indicating a bearish trend.
World Wrestling Entertainment 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 WWE stock is 69.24.