Grupo Aval Technical Analysis (NYSE:AVAL)
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 Grupo Aval 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 AVAL stock chart which creates a trading signal.
See Grupo Aval bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Grupo Aval stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Grupo Aval Moving Average
Moving averages show the average price of AVAL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $8.14 is above the last closing price of $7.69 and the 50 day moving average of $8.32 is above the last closing price of $7.69. The 10 and 20 day periods can predict short term moving average trends.
Grupo Aval 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 AVAL stock. Currently the stock price of $7.69 is in the lower range of Grupo Aval bollinger bands.
Grupo Aval 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 Grupo Aval MACD line is below the signal line.
Grupo Aval 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 . 29.91 is the RSI value of AVAL stock.