AMCC Technical Analysis (NASDAQ:AMCC)
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. Just by looking at the AMCC 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 AMCC stock chart which creates a trading signal.
See AMCC bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of AMCC stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
AMCC Moving Average:
Moving averages show the AMCC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $8.36 is below the last closing price of $8.45 and the 50 day moving average of $8.36 is below the $8.45 price. The 10 and 20 day periods can predict short term moving average trends.
AMCC 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 AMCC stock. Currently the stock price of $8.45 is in the upper range of AMCC bollinger bands.
AMCC 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 AMCC MACD indicator is below 0 indicating a bearish trend.
AMCC 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 AMCC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .