ABB Technical Analysis (NYSE:ABB)
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 ABB stock chart pattern can give those who understand technical analysis an indication of which way ABB stock is headed, but cannot predict with 100% certainty as to what can happen to the ABB stock price.
See ABB bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for ABB stock analysis that does not care for the fair value of a company but uses price and volume data only.
ABB Moving Average
Moving averages show the ABB stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $23.47 is below the price of $24.01.
ABB 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 ABB stock. ABB bollinger bands show that the stock price is $24.01, upper band is 24.17, lower band is 22.78, and the average is 23.47.
ABB 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 ABB MACD indicator can be used to identify bullish and bearish trends for the stock.
ABB 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. 54.75 is the RSI value of ABB stock.