Ascena Retail Technical Analysis (NASDAQ:ASNA)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The ASNA stock chart pattern can give those who understand technical analysis an indication of which way ASNA stock is headed, but cannot predict with 100% certainty as to what can happen to the Ascena Retail stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Ascena Retail. The technical analysis form of Ascena Retail stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ascena Retail Moving Average
Moving averages show the average price of ASNA 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 $4.45 is above the last closing price of $4.12 and the 50 day moving average of $4.15 is above the last closing price of $4.12. The 10 and 20 day periods can predict short term moving average trends.
Ascena Retail Bollinger Bands
Bollinger bands comprise of a center line usually ASNA SMA, and two ASNA 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. Ascena Retail bollinger bands show that the stock price is $4.12, upper band is 4.97, lower band is 3.93, and the average is 4.45.
Ascena Retail Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Ascena Retail MACD line is above the signal line.
Ascena Retail 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 . The relative strength index of ASNA stock is 32.58.