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A VMware Fiscal 1Q17 Prep: Acquisitions, Sell-Offs, and More

PART:
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Part 11
A VMware Fiscal 1Q17 Prep: Acquisitions, Sell-Offs, and More PART 11 OF 13

What Technical Indicators Say about VMware Stock

Shareholder returns and stock trends

Technical indicators are important for traders, and investors consider these indicators as they make market entry and exit decisions. Moving averages and RSI (relative strength index) scores are among the most widely used technical indicators.

On April 20, 2017, VMware’s stock had risen ~77.5% in the trailing-12-month period. In the trailing-one-month period, it had risen ~3.4%. VMware’s share price (VMW) has fallen 0.7% in the trailing-five-day period. Previously in the series, we discussed the factors that played a role in VMware’s stock surge in the last year.

What Technical Indicators Say about VMware Stock

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In comparison, Microsoft (MSFT) and Citrix Systems (CTSH) have generated returns of -0.99% and 0.1%, respectively, in the trailing-five-day period. Red Hat (RHT) generated a positive return of 2.8% in the same period.

VMware’s moving averages, convergence divergence, and RSI

On April 20, 2017, VMware’s last trading price was $91.81. The stock was trading 0.2% below its 20-day moving average of $92, 1% above its 50-day moving average of $91, and 7% above its 100-day moving average of $86.

A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. VMware’s 14-day MACD of 0.56 shows an upward trading trend, as the figure is positive.

VMware’s 14-day RSI (relative strength index) is 43. If an RSI is above 70, it indicates that a company’s stock has been overbought. An RSI figure of below 30 suggests that a company’s stock has been oversold.

You can consider investing in the SPDR S&P 500 ETF (SPY) (SPX) to gain exposure to the technology sector. The ETF has ~18.0% of its holdings in the technology sector.

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