Athenahealth Technical Analysis (NASDAQ:ATHN)
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. The Athenahealth stock price data and volume are plotted in ATHN stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Athenahealth. The technical analysis form of Athenahealth stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Athenahealth Moving Average
Moving averages show the ATHN stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $142.72 is below the price of $145.68.
Athenahealth Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ATHN stock. Athenahealth bollinger bands show that the stock price is $145.68, upper band is 149.12, lower band is 136.32, and the average is 142.72.
Athenahealth 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 Athenahealth MACD line is above the signal line.
Athenahealth 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. 65.72 is the RSI value of ATHN stock.