Aquinox Pharma Technical Analysis (NASDAQ:AQXP)
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. The AQXP stock chart pattern can give those who understand technical analysis an indication of which way AQXP stock is headed, but cannot predict with 100% certainty as to what can happen to the Aquinox Pharma stock price.
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 Aquinox Pharma. Technical analysis uses an approach for Aquinox Pharma stock analysis that does not care for the fair value of a company but uses price and volume data only.
Aquinox Pharma Moving Average
Moving averages show the average price of AQXP 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 $2.88 is below the last closing price of $3.05 and the 50 day moving average of $8.59 is above the last closing price of $3.05. The 10 and 20 day periods can predict short term moving average trends.
Aquinox 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 AQXP stock. Currently the stock price of $3.05 is in the upper range of Aquinox Pharma bollinger bands.
Aquinox 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 Aquinox Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
Aquinox Pharma Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of AQXP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.