The Andersons Technical Analysis (NASDAQ:ANDE)
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 The Andersons stock price data and volume are plotted in ANDE stock charts and these trading charts form the basis of technical analysis.
See The Andersons bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking The Andersons stock analysis using these technical indicators helps identify trading opportunities.
The Andersons Moving Average:
Moving averages show the average price of ANDE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer ANDE stock price movement for the moving average to change course.
The Andersons Bollinger Bands:
Bollinger bands comprise of a center line usually ANDE SMA, and two ANDE stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $38.1 is in the lower range of The Andersons bollinger bands.
The Andersons 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 The Andersons MACD line is above the signal line.
The Andersons Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 44 is the RSI value of ANDE stock. .