AirMedia Technical Analysis (NASDAQ:AMCN)
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 AMCN stock chart pattern can give those who understand technical analysis an indication of which way AMCN stock is headed, but cannot predict with 100% certainty as to what can happen to the AirMedia stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for AirMedia. Technical analysis uses an approach for AirMedia stock analysis that does not care for the fair value of a company but uses price and volume data only.
AirMedia Moving Average
Moving averages show the average price of AMCN 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 $1.15 is above the last closing price of $1.07 and the 50 day moving average of $1.36 is above the last closing price of $1.07. The 10 and 20 day periods can predict short term moving average trends.
AirMedia Bollinger Bands
Bollinger bands comprise of a center line usually AMCN SMA, and two AMCN 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. AirMedia bollinger bands show that the stock price is $1.07, upper band is 1.33, lower band is 0.97, and the average is 1.15.
AirMedia Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The AirMedia MACD line is above the signal line.
AirMedia Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of AMCN stock is 28.38.