Alliance Technical Analysis (NASDAQ:AHGP)
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 AHGP stock chart pattern can give those who understand technical analysis an indication of which way AHGP stock is headed, but cannot predict with 100% certainty as to what can happen to the Alliance stock price.
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 Alliance. 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 Alliance stock analysis.
Alliance Moving Average
Moving averages help predict the price direction of AHGP 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 $26.61 is below the last closing price of $28.37 and the 50 day moving average of $25.18 is below the last closing price of $28.37. The 10 and 20 day periods can predict short term moving average trends.
Alliance Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Alliance. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Alliance bollinger bands.
Alliance 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 Alliance MACD indicator is below 0 indicating a bearish trend.
Alliance 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 . 74.74 is the RSI value of AHGP stock.