Anacor Pharma Technical Analysis (NASDAQ:ANAC)
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. Just by looking at the Anacor Pharma 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 ANAC stock chart which creates a trading signal.
See Anacor Pharma bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Anacor Pharma stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Anacor Pharma Moving Average
Moving averages help predict the price direction of ANAC 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 $99.22 is above the price of $99.2.
Anacor Pharma 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 ANAC stock. The stock price is trading between the average and the lower band in the context of Anacor Pharma bollinger bands.
Anacor 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 Anacor Pharma MACD line is above the signal line.
Anacor Pharma Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ANAC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.