America Movil Technical Analysis (NYSE:AMX)
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. Just by looking at the America Movil 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 AMX stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for America Movil. The technical analysis form of America Movil stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
America Movil Moving Average
Moving averages help predict the price direction of AMX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.73 is above the price of $16.61.
America Movil 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 AMX stock. Currently the stock price of $16.61 is in the lower range of America Movil bollinger bands.
America Movil 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 America Movil MACD indicator is below 0 indicating a bearish trend.
America Movil Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of AMX stock is 42.97.