Athlon Energy Technical Analysis (NYSE:ATHL)
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. Just by looking at the Athlon Energy 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 ATHL stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Athlon Energy. The technical analysis form of Athlon Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Athlon Energy Moving Average
Moving averages show the average price of ATHL 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 $58.18 is below the last closing price of $58.4 and the 50 day moving average of $53.86 is below the last closing price of $58.4. The 10 and 20 day periods can predict short term moving average trends.
Athlon Energy Bollinger Bands
Bollinger bands comprise of a center line usually ATHL SMA, and two ATHL 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. The stock price is trading between the average and the upper band in the context of Athlon Energy bollinger bands.
Athlon Energy 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 Athlon Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
Athlon Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ATHL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.