Argo Group Technical Analysis (NASDAQ:AGII)
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 Argo Group 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 AGII stock chart which creates a trading signal.
See Argo Group bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Argo Group stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Argo Group Moving Average
Moving averages show the average price of AGII stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Argo Group are mostly signals of long term trends and will help long term traders.
Argo Group Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Argo Group. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Argo Group bollinger bands show that the stock price is $58.85, upper band is 62.27, lower band is 53.14, and the average is 57.7.
Argo Group 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 Argo Group MACD line is below the signal line.
Argo Group Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of AGII stock is 45.98.