ARMOUR Residential REIT Technical Analysis (NYSE:ARR)
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 ARR stock chart pattern can give those who understand technical analysis an indication of which way ARR stock is headed, but cannot predict with 100% certainty as to what can happen to the ARMOUR Residential REIT 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 ARMOUR Residential REIT. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of ARMOUR Residential REIT stock analysis.
ARMOUR Residential REIT Moving Average
Moving averages show the average price of ARR 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 $23.16 is above the last closing price of $22.79 and the 50 day moving average of $22.77 is below the last closing price of $22.79. The 10 and 20 day periods can predict short term moving average trends.
ARMOUR Residential REIT Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ARMOUR Residential REIT. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $22.79 is in the lower range of ARMOUR Residential REIT bollinger bands.
ARMOUR Residential REIT 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 ARMOUR Residential REIT MACD line is above the signal line.
ARMOUR Residential REIT Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ARR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.