Atmel Technical Analysis (NASDAQ:ATML)

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$8.14 $0.02 (0.25%) ATML stock closing price Apr 04, 2016 (Closing)

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 ATML stock chart pattern can give those who understand technical analysis an indication of which way ATML stock is headed, but cannot predict with 100% certainty as to what can happen to the Atmel 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 Atmel. The technical analysis form of Atmel stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.

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Atmel Moving Average

Moving averages help predict the price direction of ATML stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $8.11 is below the price of $8.14.

Atmel Bollinger Bands

Bollinger bands comprise of a center line usually ATML SMA, and two ATML 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 $8.14 is in the upper range of Atmel bollinger bands.

Atmel 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 Atmel MACD line is above the signal line.

Atmel 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. If the RSI of ATML stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.