Allergan Technical Analysis (NYSE:AGN)
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 Allergan 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 AGN stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Allergan. 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 Allergan stock analysis.
Allergan Moving Average
Moving averages show the average price of AGN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $158.35 is below the price of $166.27.
Allergan Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Allergan. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Allergan bollinger bands show that the stock price is $166.27, upper band is 172.06, lower band is 144.63, and the average is 158.35.
Allergan 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 Allergan MACD indicator can be used to identify bullish and bearish trends for the stock.
Allergan 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. 57 is the RSI value of AGN stock.