The Andersons Technical Analysis (NASDAQ:ANDE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the The Andersons 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 ANDE stock chart which creates a trading signal.
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 The Andersons. The technical analysis form of The Andersons stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
The Andersons Moving Average
Moving averages help predict the price direction of ANDE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for The Andersons are mostly signals of long term trends and will help long term traders.
The Andersons 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 ANDE stock. Currently the stock price of $34.65 is in the lower range of The Andersons bollinger bands.
The Andersons Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The The Andersons MACD indicator is above 0 indicating a bullish trend.
The Andersons 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 ANDE stock is 55.13.