AstroNova Technical Analysis (NASDAQ:ALOT)
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. The ALOT stock chart pattern can give those who understand technical analysis an indication of which way ALOT stock is headed, but cannot predict with 100% certainty as to what can happen to the AstroNova 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 AstroNova. The technical analysis form of AstroNova stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
AstroNova Moving Average
Moving averages show the average price of ALOT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $18.87 is above the last closing price of $18.25 and the 50 day moving average of $18.5 is above the last closing price of $18.25. The 10 and 20 day periods can predict short term moving average trends.
AstroNova 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 ALOT stock. The stock price is trading between the average and the lower band in the context of AstroNova bollinger bands.
AstroNova 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 AstroNova MACD line is above the signal line.
AstroNova 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 . 41.82 is the RSI value of ALOT stock.