Asbury Automotive Technical Analysis (NYSE:ABG)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The ABG stock chart pattern can give those who understand technical analysis an indication of which way ABG stock is headed, but cannot predict with 100% certainty as to what can happen to the Asbury Automotive stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Asbury Automotive. Technical analysis uses an approach for Asbury Automotive stock analysis that does not care for the fair value of a company but uses price and volume data only.
Asbury Automotive Moving Average
Moving averages show the ABG 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Asbury Automotive are mostly signals of long term trends and will help long term traders.
Asbury Automotive Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Asbury Automotive. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $74.75 is in the upper range of Asbury Automotive bollinger bands.
Asbury Automotive 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 Asbury Automotive MACD line is below the signal line.
Asbury Automotive Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of ABG stock is 69.01.