Amtek Technical Analysis (NYSE:AME)
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 Amtek 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 AME stock chart which creates a trading signal.
See Amtek bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Amtek stock analysis.
Amtek Moving Average
Moving averages show the average price of AME stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Amtek are mostly signals of long term trends and will help long term traders.
Amtek Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Amtek. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $81.53 is in the upper range of Amtek bollinger bands.
Amtek 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 Amtek MACD indicator can be used to identify bullish and bearish trends for the stock.
Amtek Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of AME stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.