Astrotech Corp Technical Analysis (NASDAQ:ASTC)
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 Astrotech Corp stock price data and volume are plotted in ASTC stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Astrotech Corp. The technical analysis form of Astrotech Corp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Astrotech Corp Moving Average
Moving averages help predict the price direction of ASTC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $3.5 is above the last closing price of $3.43 and the 50 day moving average of $3 is below the last closing price of $3.43. The 10 and 20 day periods can predict short term moving average trends.
Astrotech Corp Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ASTC stock. Currently the stock price of $3.43 is in the lower range of Astrotech Corp bollinger bands.
Astrotech Corp 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 Astrotech Corp MACD indicator is below 0 indicating a bearish trend.
Astrotech Corp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ASTC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.