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.
See Amerisafe bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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 show the AMSF stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling AMSF moving average implies that Amerisafe stock price is falling.
Amerisafe Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Amerisafe stock price relative to previous trades. Currently the stock price of $54.8 is in the lower range of Amerisafe bollinger bands.
Amerisafe 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 Amerisafe MACD indicator is above 0 indicating a bullish trend.
Amerisafe 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 AMSF stock is 31.3. .