Alamo Technical Analysis (NYSE:ALG)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. Just by looking at the Alamo 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 ALG stock chart which creates a trading signal.
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 Alamo. The technical analysis form of Alamo stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Alamo Moving Average:
Moving averages show the ALG stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling ALG moving average implies that Alamo stock price is falling.
Alamo 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 ALG stock. Alamo bollinger bands show that the stock price is $101.12, upper band is 21, lower band is 19.71, and the average is 20.36.
Alamo 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 Alamo MACD indicator can be used to identify bullish and bearish trends for the stock.
Alamo Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of ALG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .