Ames National Corp Technical Analysis (NASDAQ:ATLO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The ATLO stock chart pattern can give those who understand technical analysis an indication of which way ATLO stock is headed, but cannot predict with 100% certainty as to what can happen to the Ames National Corp stock price.
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 Ames National Corp. The technical analysis form of Ames National Corp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ames National Corp Moving Average
Moving averages show the average price of ATLO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $27.86 is below the price of $28.85.
Ames National Corp 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 ATLO stock. Ames National Corp bollinger bands show that the stock price is $28.85, upper band is 28.88, lower band is 26.84, and the average is 27.86.
Ames National Corp 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 Ames National Corp MACD indicator is below 0 indicating a bearish trend.
Ames National Corp Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of ATLO stock is 72.73.