Amphastar Pharma Technical Analysis (NASDAQ:AMPH)
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 AMPH stock chart pattern can give those who understand technical analysis an indication of which way AMPH stock is headed, but cannot predict with 100% certainty as to what can happen to the Amphastar Pharma stock price.
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 Amphastar Pharma. 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 Amphastar Pharma stock analysis.
Amphastar Pharma Moving Average
Moving averages help predict the price direction of AMPH 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 $18.77 is below the last closing price of $19.91 and the 50 day moving average of $18.71 is below the last closing price of $19.91. The 10 and 20 day periods can predict short term moving average trends.
Amphastar Pharma Bollinger Bands
Bollinger bands comprise of a center line usually AMPH SMA, and two AMPH 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. Amphastar Pharma bollinger bands show that the stock price is $19.91, upper band is 19.89, lower band is 17.65, and the average is 18.77.
Amphastar Pharma 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 Amphastar Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
Amphastar Pharma Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of AMPH stock is 67.16.