Alon USA Energy Technical Analysis (NYSE:ALJ)
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. When a chart pattern that can predict future Alon USA Energy stock price movements is formed, the ALJ stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Alon USA Energy. Technical analysis uses an approach for Alon USA Energy stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Alon USA Energy Moving Average:
Moving averages help predict the price direction of ALJ stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $13.09 is below the price of $13.32.
Alon USA Energy Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Alon USA Energy stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of Alon USA Energy bollinger bands.
Alon USA Energy 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 Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
Alon USA Energy Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of ALJ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .