Avangrid Technical Analysis (NYSE:AGR)
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. The Avangrid stock price data and volume are plotted in AGR stock charts and these trading charts form the basis of technical analysis.
See Avangrid bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Avangrid stock analysis.
Avangrid Moving Average
Moving averages help predict the price direction of AGR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $51.79 is above the price of $49.4.
Avangrid Bollinger Bands
Bollinger bands comprise of a center line usually AGR SMA, and two AGR 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 $49.4 is in the lower range of Avangrid bollinger bands.
Avangrid 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 Avangrid MACD indicator is above 0 indicating a bullish trend.
Avangrid Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of AGR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.