Allegiance Bancshares Technical Analysis (NASDAQ:ABTX)

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$27.5 $0.25 (0.92%) ABTX stock closing price Oct 21, 2016 (Closing)

Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Allegiance Bancshares stock price data and volume are plotted in ABTX stock charts and these trading charts form the basis of technical analysis.

View technical indicators like moving averages (SMA and EMA), and bollinger bands for Allegiance Bancshares. 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 Allegiance Bancshares stock analysis.

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Allegiance Bancshares Moving Average:

Moving averages show the average price of ABTX 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 $24.72 is below the price of $27.5.

Allegiance Bancshares Bollinger Bands:

Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ABTX stock. Currently the stock price of $27.5 is in the lower range of Allegiance Bancshares bollinger bands.

Allegiance Bancshares 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 Allegiance Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.

Allegiance Bancshares Relative Strength Index:

The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of ABTX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .

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