Atlas Financial Technical Analysis (NASDAQ:AFH)
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 Atlas Financial 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 AFH stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Atlas Financial. Technical analysis uses an approach for Atlas Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Atlas Financial Moving Average
Moving averages show the average price of AFH stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $10.93 is above the last closing price of $9.88 and the 50 day moving average of $10.85 is above the last closing price of $9.88. The 10 and 20 day periods can predict short term moving average trends.
Atlas Financial Bollinger Bands
Bollinger bands comprise of a center line usually AFH SMA, and two AFH 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. Currently the stock price of $9.88 is in the lower range of Atlas Financial bollinger bands.
Atlas Financial 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 Atlas Financial MACD line is above the signal line.
Atlas Financial 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 AFH stock is 41.83.