Ames National Corp Technical Analysis (NASDAQ:ATLO)
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 Ames National Corp 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 ATLO stock chart which creates a trading signal.
See Ames National Corp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Ames National Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Ames National Corp Moving Average
Moving averages show the ATLO 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Ames National Corp are mostly signals of long term trends and will help long term traders.
Ames National Corp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Ames National Corp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $27.41 is in the lower range of Ames National Corp bollinger bands.
Ames National Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Ames National Corp MACD line is above the signal line.
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 . If the RSI of ATLO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.