A O Smith Technical Analysis (NYSE:AOS)
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 A O Smith 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 AOS stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for A O Smith. The technical analysis form of A O Smith stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
A O Smith Moving Average
Moving averages show the average price of AOS 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 $62.98 is below the last closing price of $64.43 and the 50 day moving average of $63.62 is below the last closing price of $64.43. The 10 and 20 day periods can predict short term moving average trends.
A O Smith Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like A O Smith. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $64.43 is in the upper range of A O Smith bollinger bands.
A O Smith 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 A O Smith MACD indicator is below 0 indicating a bearish trend.
A O Smith Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of AOS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.