AutoNation Technical Analysis (NYSE:AN)
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. The AN stock chart pattern can give those who understand technical analysis an indication of which way AN stock is headed, but cannot predict with 100% certainty as to what can happen to the AutoNation 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 AutoNation. The technical analysis form of AutoNation stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
AutoNation Moving Average
Moving averages show the average price of AN 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 $48.31 is above the last closing price of $46.38 and the 50 day moving average of $48.33 is above the last closing price of $46.38. The 10 and 20 day periods can predict short term moving average trends.
AutoNation 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 AN stock. Currently the stock price of $46.38 is in the lower range of AutoNation bollinger bands.
AutoNation 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 AutoNation MACD line is above the signal line.
AutoNation 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 . If the RSI of AN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.