Olympic Steel Technical Analysis (NASDAQ:ZEUS)
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. The Olympic Steel stock price data and volume are plotted in ZEUS stock charts and these trading charts form the basis of technical analysis.
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 Olympic Steel. The technical analysis form of Olympic Steel stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Olympic Steel Moving Average
Moving averages show the average price of ZEUS 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 $22.46 is above the price of $20.99.
Olympic Steel Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Olympic Steel. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $20.99 is in the lower range of Olympic Steel bollinger bands.
Olympic Steel 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 Olympic Steel MACD line is below the signal line.
Olympic Steel 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 ZEUS stock is 41.44.