Ampco-Pittsburgh Technical Analysis (NYSE:AP)
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 Ampco-Pittsburgh stock price data and volume are plotted in AP stock charts and these trading charts form the basis of technical analysis.
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 Ampco-Pittsburgh. The technical analysis form of Ampco-Pittsburgh stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ampco-Pittsburgh Moving Average
Moving averages help predict the price direction of AP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $7.4 is above the last closing price of $7 and the 50 day moving average of $8.72 is above the last closing price of $7. The 10 and 20 day periods can predict short term moving average trends.
Ampco-Pittsburgh 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 AP stock. Ampco-Pittsburgh bollinger bands show that the stock price is $7, upper band is 8, lower band is 6.79, and the average is 7.4.
Ampco-Pittsburgh 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 Ampco-Pittsburgh MACD indicator is below 0 indicating a bearish trend.
Ampco-Pittsburgh Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of AP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.