AmTrust Financial Services Technical Analysis (NASDAQ:AFSI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the AmTrust Financial Services 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 AFSI 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 AmTrust Financial Services. The technical analysis form of AmTrust Financial Services stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
AmTrust Financial Services Moving Average
Moving averages show the average price of AFSI 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 $13.32 is below the last closing price of $13.72 and the 50 day moving average of $12.83 is below the last closing price of $13.72. The 10 and 20 day periods can predict short term moving average trends.
AmTrust Financial Services 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 AFSI stock. The stock price is trading between the average and the upper band in the context of AmTrust Financial Services bollinger bands.
AmTrust Financial Services 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 AmTrust Financial Services MACD indicator is below 0 indicating a bearish trend.
AmTrust Financial Services Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of AFSI stock is 82.08.