Assured Guaranty Technical Analysis (NYSE:AGO)
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 Assured Guaranty 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 AGO stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Assured Guaranty. Technical analysis uses an approach for Assured Guaranty stock analysis that does not care for the fair value of a company but uses price and volume data only.
Assured Guaranty Moving Average
Moving averages help predict the price direction of AGO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $36.43 is below the last closing price of $36.51 and the 50 day moving average of $36.38 is below the last closing price of $36.51. The 10 and 20 day periods can predict short term moving average trends.
Assured Guaranty Bollinger Bands
Bollinger bands comprise of a center line usually AGO SMA, and two AGO 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. Assured Guaranty bollinger bands show that the stock price is $36.51, upper band is 37.71, lower band is 35.13, and the average is 36.42.
Assured Guaranty Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Assured Guaranty MACD indicator can be used to identify bullish and bearish trends for the stock.
Assured Guaranty 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 AGO stock is 61.47.