AptarGroup Technical Analysis (NYSE:ATR)
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. Just by looking at the AptarGroup 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 ATR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for AptarGroup. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of AptarGroup stock analysis.
AptarGroup Moving Average
Moving averages show the average price of ATR 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 $106.53 is below the price of $111.59.
AptarGroup Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like AptarGroup. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. AptarGroup bollinger bands show that the stock price is $111.59, upper band is 112.43, lower band is 100.63, and the average is 106.53.
AptarGroup 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 AptarGroup MACD line is below the signal line.
AptarGroup Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ATR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.