Astrotech Corp Technical Analysis (NASDAQ:ASTC)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Astrotech Corp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ASTC stock chart which creates a trading signal.
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 Astrotech Corp. Technical analysis uses an approach for Astrotech Corp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Astrotech Corp Moving Average:
Moving averages help predict the price direction of ASTC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for ASTC trend identification. A rising moving average shows that stock prices are generally increasing.
Astrotech Corp Bollinger Bands:
Bollinger bands comprise of a center line usually ASTC SMA, and two ASTC 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 $1.6 is in the lower range of Astrotech Corp bollinger bands.
Astrotech Corp 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 Astrotech Corp MACD indicator is below 0 indicating a bearish trend.
Astrotech Corp 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 ASTC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .