Akorn Technical Analysis (NASDAQ:AKRX)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Akorn 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 AKRX stock chart which creates a trading signal.
See Akorn bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Akorn stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Akorn Moving Average
Moving averages show the average price of AKRX 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 $14.76 is below the price of $16.03.
Akorn 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 AKRX stock. Akorn bollinger bands show that the stock price is $16.03, upper band is 16.12, lower band is 13.39, and the average is 14.76.
Akorn 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 Akorn MACD indicator is below 0 indicating a bearish trend.
Akorn 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 AKRX stock is 81.49.