Amber Road Technical Analysis (NYSE:AMBR)
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 AMBR stock chart pattern can give those who understand technical analysis an indication of which way AMBR stock is headed, but cannot predict with 100% certainty as to what can happen to the Amber Road 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 Amber Road. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Amber Road stock analysis.
Amber Road Moving Average
Moving averages help predict the price direction of AMBR 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 $8.89 is above the price of $8.42.
Amber Road Bollinger Bands
Bollinger bands comprise of a center line usually AMBR SMA, and two AMBR 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. The stock price is trading between the average and the lower band in the context of Amber Road bollinger bands.
Amber Road 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 Amber Road MACD line is below the signal line.
Amber Road 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 . If the RSI of AMBR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.