Ardmore Shipping Technical Analysis (NYSE:ASC)
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. Just by looking at the Ardmore Shipping stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ASC stock chart which creates a trading signal.
See Ardmore Shipping bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Ardmore Shipping stock analysis.
Ardmore Shipping Moving Average
Moving averages show the ASC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Ardmore Shipping are mostly signals of long term trends and will help long term traders.
Ardmore Shipping Bollinger Bands
Bollinger bands comprise of a center line usually ASC SMA, and two ASC 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. Ardmore Shipping bollinger bands show that the stock price is $6.45, upper band is 7.14, lower band is 6.43, and the average is 6.78.
Ardmore Shipping 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 Ardmore Shipping MACD line is below the signal line.
Ardmore Shipping Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of ASC stock is 37.93.