ACNB Technical Analysis (NASDAQ:ACNB)
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 ACNB stock price data and volume are plotted in ACNB stock charts and these trading charts form the basis of technical analysis.
See ACNB bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of ACNB stock analysis.
ACNB Moving Average:
Moving averages show the average price of ACNB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer ACNB stock price movement for the moving average to change course.
ACNB Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of ACNB stock price relative to previous trades. ACNB bollinger bands show that the stock price is $28.9, upper band is 15.91, lower band is 14.88, and the average is 15.4.
ACNB Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The ACNB MACD indicator can be used to identify bullish and bearish trends for the stock.
ACNB 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. The relative strength index of ACNB stock is 37.5. .