AstroNova Technical Analysis (NASDAQ:ALOT)
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 AstroNova stock price data and volume are plotted in ALOT stock charts and these trading charts form the basis of technical analysis.
See AstroNova bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking AstroNova stock analysis using these technical indicators helps identify trading opportunities.
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 $13.73 is above the last closing price of $13.7 and the 50 day moving average of $13.66 is below the $13.7 price. 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. Currently the stock price of $13.7 is in the lower range 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 indicator can be used to identify bullish and bearish trends for the stock.
AstroNova 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. The relative strength index of ALOT stock is 48.75. .