Amkor Technical Analysis (NASDAQ:AMKR)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Amkor 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 AMKR stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, 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 show the average price of AMKR 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 $9.43 is above the last closing price of $8.46 and the 50 day moving average of $10.03 is above the $8.46 price. The 10 and 20 day periods can predict short term moving average trends.
Amkor 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 AMKR stock. Amkor bollinger bands show that the stock price is $8.46, upper band is 5.73, lower band is 3.29, and the average is 4.51.
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 above the signal line.
Amkor Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 23.55 is the RSI value of AMKR stock. .