Asta Funding Technical Analysis (NASDAQ:ASFI)
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 Asta Funding stock price data and volume are plotted in ASFI 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 Asta Funding. The technical analysis form of Asta Funding stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Asta Funding Moving Average
Moving averages show the average price of ASFI 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 $3.29 is above the last closing price of $3.05 and the 50 day moving average of $3.52 is above the last closing price of $3.05. The 10 and 20 day periods can predict short term moving average trends.
Asta Funding Bollinger Bands
Bollinger bands comprise of a center line usually ASFI SMA, and two ASFI 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 Asta Funding bollinger bands.
Asta Funding 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 Asta Funding MACD line is below the signal line.
Asta Funding Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 49.09 is the RSI value of ASFI stock.