ACER THERAPEUTS Technical Analysis (NASDAQ:ACER)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the ACER THERAPEUTS 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 ACER stock chart which creates a trading signal.
See ACER THERAPEUTS bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for ACER THERAPEUTS stock analysis that does not care for the fair value of a company but uses price and volume data only.
ACER THERAPEUTS Moving Average
Moving averages help predict the price direction of ACER stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $31.34 is above the price of $30.94.
ACER THERAPEUTS 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 ACER stock. ACER THERAPEUTS bollinger bands show that the stock price is $30.94, upper band is 32.96, lower band is 29.72, and the average is 31.34.
ACER THERAPEUTS 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 ACER THERAPEUTS MACD indicator is above 0 indicating a bullish trend.
ACER THERAPEUTS Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ACER stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.