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 Associated Banc-Corp stock price data and volume are plotted in ASB 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 Associated Banc-Corp. 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 Associated Banc-Corp stock analysis.
Associated Banc-Corp Moving Average:
Moving averages help predict the price direction of ASB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling ASB moving average implies that Associated Banc-Corp stock price is falling.
Associated Banc-Corp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Associated Banc-Corp stock price relative to previous trades. Associated Banc-Corp bollinger bands show that the stock price is $23.5, upper band is 33.92, lower band is 32.49, and the average is 33.2.
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 . If the RSI of ASB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .