ACHIEVE LIFESCI Technical Analysis (NASDAQ:ACHV)
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. Just by looking at the ACHIEVE LIFESCI 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 ACHV 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 ACHIEVE LIFESCI. Technical analysis uses an approach for ACHIEVE LIFESCI stock analysis that does not care for the fair value of a company but uses price and volume data only.
ACHIEVE LIFESCI Moving Average
Moving averages help predict the price direction of ACHV stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for ACHIEVE LIFESCI are mostly signals of long term trends and will help long term traders.
ACHIEVE LIFESCI Bollinger Bands
Bollinger bands comprise of a center line usually ACHV SMA, and two ACHV stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. ACHIEVE LIFESCI bollinger bands show that the stock price is $2.47, upper band is 3.42, lower band is 2.48, and the average is 2.95.
ACHIEVE LIFESCI 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 ACHIEVE LIFESCI MACD line is below the signal line.
ACHIEVE LIFESCI Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 20.83 is the RSI value of ACHV stock.