Aspen Insurance Technical Analysis (NYSE:AHL)
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. The Aspen Insurance stock price data and volume are plotted in AHL stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Aspen Insurance. Technical analysis uses an approach for Aspen Insurance stock analysis that does not care for the fair value of a company but uses price and volume data only.
Aspen Insurance Moving Average
Moving averages show the average price of AHL 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 $43.04 is above the price of $43.
Aspen Insurance Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the AHL stock. Aspen Insurance bollinger bands show that the stock price is $43, upper band is 44.69, lower band is 41.4, and the average is 43.05.
Aspen Insurance 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 Aspen Insurance MACD indicator is below 0 indicating a bearish trend.
Aspen Insurance 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 AHL stock is 54.07.