ATAX Fund Technical Analysis (NASDAQ:ATAX)

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$6.11 $0.07 (1.13%) ATAX stock closing price Aug 15, 2018 (Closing)

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.

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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.