ATAX Fund Technical Analysis (NASDAQ:ATAX)
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 ATAX Fund stock price data and volume are plotted in ATAX 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 ATAX Fund. Technical analysis uses an approach for ATAX Fund stock analysis that does not care for the fair value of a company but uses price and volume data only.
ATAX Fund Moving Average
Moving averages show the average price of ATAX 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 $6.4 is above the last closing price of $6.11 and the 50 day moving average of $6.38 is above the last closing price of $6.11. The 10 and 20 day periods can predict short term moving average trends.
ATAX Fund Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ATAX Fund. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $6.11 is in the lower range of ATAX Fund bollinger bands.
ATAX Fund 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 ATAX Fund MACD indicator is below 0 indicating a bearish trend.
ATAX Fund 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. 66.67 is the RSI value of ATAX stock.