Atmel Technical Analysis (NASDAQ:ATML)
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 Atmel stock price data and volume are plotted in ATML stock charts and these trading charts form the basis of technical analysis.
See Atmel bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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.
Atmel Moving Average:
Moving averages show the ATML stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $8.11 is below the last closing price of $8.14 and the 50 day moving average of $8.08 is below the $8.14 price. The 10 and 20 day periods can predict short term moving average trends.
Atmel 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 ATML stock. The stock price is trading between the average and the lower band in the context of Atmel bollinger bands.
Atmel Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Atmel MACD line is above the signal line.
Atmel Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 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. .