A10 Networks Technical Analysis (NYSE:ATEN)
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. Just by looking at the A10 Networks stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ATEN stock chart which creates a trading signal.
See A10 Networks bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of A10 Networks stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
A10 Networks Moving Average
Moving averages help predict the price direction of ATEN 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 $6.2 is above the last closing price of $6.19 and the 50 day moving average of $6.17 is below the last closing price of $6.19. The 10 and 20 day periods can predict short term moving average trends.
A10 Networks Bollinger Bands
Bollinger bands comprise of a center line usually ATEN SMA, and two ATEN 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. Currently the stock price of $6.19 is in the lower range of A10 Networks bollinger bands.
A10 Networks Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The A10 Networks MACD line is below the signal line.
A10 Networks 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. 56.52 is the RSI value of ATEN stock.