Amira Nature Foods Technical Analysis (NYSE:ANFI)
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. A ANFI stock chart pattern can give those who understand technical analysis an indication of which way ANFI stock is headed, but cannot predict with 100% certainty as to what can happen to the Amira Nature Foods stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Amira Nature Foods. The technical analysis form of Amira Nature Foods stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Amira Nature Foods Moving Average:
ANFI stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Amira Nature Foods chart patterns after the calculations remain the same. The 100 day moving average of 5.25 is below the last closing price of 6.51. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer ANFI stock price movement for the moving average to change course.
Amira Nature Foods Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Amira Nature Foods stock price relative to previous trades. Amira Nature Foods bollinger bands show that the stock price is $6.51, upper band is 8.53, lower band is 7.51, and the average is 8.02.
Amira Nature Foods 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 Amira Nature Foods MACD line is below the signal line.
Amira Nature Foods Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ANFI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .