Alaska Communications Technical Analysis (NASDAQ:ALSK)
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. Just by looking at the Alaska Communications 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 ALSK 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 Alaska Communications. Technical analysis uses an approach for Alaska Communications stock analysis that does not care for the fair value of a company but uses price and volume data only.
Alaska Communications Moving Average
Moving averages help predict the price direction of ALSK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $2.26 is above the last closing price of $2.22 and the 50 day moving average of $2.45 is above the last closing price of $2.22. The 10 and 20 day periods can predict short term moving average trends.
Alaska Communications Bollinger Bands
Bollinger bands comprise of a center line usually ALSK SMA, and two ALSK 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. Currently the stock price of $2.22 is in the lower range of Alaska Communications bollinger bands.
Alaska Communications 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 Alaska Communications MACD line is below the signal line.
Alaska Communications 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 . The relative strength index of ALSK stock is 46.67.