Amkor Technical Analysis (NASDAQ:AMKR)
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 Amkor stock price data and volume are plotted in AMKR stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Amkor. The technical analysis form of Amkor stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Amkor Moving Average
Moving averages help predict the price direction of AMKR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $9.91 is below the last closing price of $10.19 and the 50 day moving average of $10.22 is above the last closing price of $10.19. The 10 and 20 day periods can predict short term moving average trends.
Amkor Bollinger Bands
Bollinger bands comprise of a center line usually AMKR SMA, and two AMKR 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 upper band in the context of Amkor bollinger bands.
Amkor 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 Amkor MACD line is below the signal line.
Amkor 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 AMKR stock is 51.21.