Associated Banc-Corp Technical Analysis (NYSE:ASB)
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 ASB stock chart pattern can give those who understand technical analysis an indication of which way ASB stock is headed, but cannot predict with 100% certainty as to what can happen to the Associated Banc-Corp 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 Associated Banc-Corp. Technical analysis uses an approach for Associated Banc-Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Associated Banc-Corp Moving Average
Moving averages show the average price of ASB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $27.88 is above the price of $27.65.
Associated Banc-Corp Bollinger Bands
Bollinger bands comprise of a center line usually ASB SMA, and two ASB stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Associated Banc-Corp bollinger bands.
Associated Banc-Corp 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 Associated Banc-Corp MACD indicator is below 0 indicating a bearish trend.
Associated Banc-Corp Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 40.91 is the RSI value of ASB stock.