Affiliated Managers Technical Analysis (NYSE:AMG)
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 Affiliated Managers stock price data and volume are plotted in AMG stock charts and these trading charts form the basis of technical analysis.
See Affiliated Managers bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Affiliated Managers stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Affiliated Managers Moving Average
Moving averages show the AMG stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Affiliated Managers are mostly signals of long term trends and will help long term traders.
Affiliated Managers Bollinger Bands
Bollinger bands comprise of a center line usually AMG SMA, and two AMG 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 $124.67 is in the lower range of Affiliated Managers bollinger bands.
Affiliated Managers 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 Affiliated Managers MACD indicator is above 0 indicating a bullish trend.
Affiliated Managers 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 AMG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.