Amerisafe Technical Analysis (NASDAQ:AMSF)
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 Amerisafe stock price data and volume are plotted in AMSF stock charts and these trading charts form the basis of technical analysis.
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 Amerisafe. 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 Amerisafe stock analysis.
Amerisafe Moving Average
Moving averages help predict the price direction of AMSF 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 $60.22 is above the last closing price of $59.5 and the 50 day moving average of $59.08 is below the last closing price of $59.5. The 10 and 20 day periods can predict short term moving average trends.
Amerisafe 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 AMSF stock. Currently the stock price of $59.5 is in the lower range of Amerisafe bollinger bands.
Amerisafe Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Amerisafe MACD indicator can be used to identify bullish and bearish trends for the stock.
Amerisafe Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of AMSF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.