Advanced Semiconductor Technical Analysis (NYSE:ASX)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future Advanced Semiconductor stock price movements is formed, the ASX stock chart can become a key tool for a technical analyst.
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 Advanced Semiconductor. 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 Advanced Semiconductor stock analysis.
Advanced Semiconductor Moving Average:
Moving averages show the ASX stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Advanced Semiconductor are mostly signals of long term trends and will help long term traders.
Advanced Semiconductor Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Advanced Semiconductor. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $6.13 is in the lower range of Advanced Semiconductor bollinger bands.
Advanced Semiconductor 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 Advanced Semiconductor MACD indicator can be used to identify bullish and bearish trends for the stock.
Advanced Semiconductor 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 . 29.36 is the RSI value of ASX stock. .