Ascent Capital Technical Analysis (NASDAQ:ASCMA)
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 ASCMA stock chart pattern can give those who understand technical analysis an indication of which way ASCMA stock is headed, but cannot predict with 100% certainty as to what can happen to the Ascent Capital stock price.
See Ascent Capital bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Ascent Capital stock analysis that does not care for the fair value of a company but uses price and volume data only.
Ascent Capital Moving Average
Moving averages show the average price of ASCMA 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 $3.24 is above the last closing price of $2.79 and the 50 day moving average of $2.69 is below the last closing price of $2.79. The 10 and 20 day periods can predict short term moving average trends.
Ascent Capital Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Ascent Capital. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Ascent Capital bollinger bands.
Ascent Capital Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Ascent Capital MACD indicator is below 0 indicating a bearish trend.
Ascent Capital 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. The relative strength index of ASCMA stock is 27.08.