AK Steel Technical Analysis (NYSE:AKS)
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 AKS stock chart pattern can give those who understand technical analysis an indication of which way AKS stock is headed, but cannot predict with 100% certainty as to what can happen to the AK Steel stock price.
See AK Steel bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for AK Steel stock analysis that does not care for the fair value of a company but uses price and volume data only.
AK Steel Moving Average
Moving averages help predict the price direction of AKS 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 AK Steel are mostly signals of long term trends and will help long term traders.
AK Steel 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 AKS stock. Currently the stock price of $4.37 is in the lower range of AK Steel bollinger bands.
AK Steel 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 AK Steel MACD indicator can be used to identify bullish and bearish trends for the stock.
AK Steel Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 49.48 is the RSI value of AKS stock.