Zumiez Technical Analysis (NASDAQ:ZUMZ)
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 ZUMZ stock chart pattern can give those who understand technical analysis an indication of which way ZUMZ stock is headed, but cannot predict with 100% certainty as to what can happen to the Zumiez stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Zumiez. 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 Zumiez stock analysis.
Zumiez Moving Average
Moving averages show the average price of ZUMZ 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 $24.23 is above the last closing price of $22.35 and the 50 day moving average of $21.97 is below the last closing price of $22.35. The 10 and 20 day periods can predict short term moving average trends.
Zumiez Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Zumiez. 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 lower band in the context of Zumiez bollinger bands.
Zumiez Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Zumiez MACD line is above the signal line.
Zumiez 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 ZUMZ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.