Aclaris Therapeutics Technical Analysis (NASDAQ:ACRS)
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 Aclaris Therapeutics 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 ACRS stock chart which creates a trading signal.
See Aclaris Therapeutics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Aclaris Therapeutics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Aclaris Therapeutics Moving Average
Moving averages help predict the price direction of ACRS 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 $15.29 is above the price of $15.17.
Aclaris Therapeutics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Aclaris Therapeutics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Aclaris Therapeutics bollinger bands show that the stock price is $15.17, upper band is 16.07, lower band is 14.5, and the average is 15.29.
Aclaris Therapeutics 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 Aclaris Therapeutics MACD line is above the signal line.
Aclaris Therapeutics 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. 39.67 is the RSI value of ACRS stock.