Great Ajax Technical Analysis (NYSE:AJX)
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 AJX stock chart pattern can give those who understand technical analysis an indication of which way AJX stock is headed, but cannot predict with 100% certainty as to what can happen to the Great Ajax stock price.
See Great Ajax 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 Great Ajax stock analysis.
Great Ajax Moving Average
Moving averages help predict the price direction of AJX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Great Ajax are mostly signals of long term trends and will help long term traders.
Great Ajax Bollinger Bands
Bollinger bands comprise of a center line usually AJX SMA, and two AJX 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. Great Ajax bollinger bands show that the stock price is $13.46, upper band is 13.87, lower band is 13.47, and the average is 13.67.
Great Ajax 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 Great Ajax MACD indicator is above 0 indicating a bullish trend.
Great Ajax Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of AJX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.