Alon USA Partners Technical Analysis (NYSE:ALDW)
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 ALDW stock chart pattern can give those who understand technical analysis an indication of which way ALDW stock is headed, but cannot predict with 100% certainty as to what can happen to the Alon USA Partners 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 Alon USA Partners. The technical analysis form of Alon USA Partners stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Alon USA Partners Moving Average
Moving averages show the ALDW stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Alon USA Partners are mostly signals of long term trends and will help long term traders.
Alon USA Partners Bollinger Bands
Bollinger bands comprise of a center line usually ALDW SMA, and two ALDW 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. Alon USA Partners bollinger bands show that the stock price is $16.55, upper band is 19.58, lower band is 15.83, and the average is 17.7.
Alon USA Partners Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Alon USA Partners MACD indicator is above 0 indicating a bullish trend.
Alon USA Partners Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ALDW stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.