Avenue Financal Technical Analysis (NASDAQ:AVNU)

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$19.65 $0.54 (2.83%) AVNU stock closing price Jun 30, 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. Just by looking at the Avenue Financal 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 AVNU stock chart which creates a trading signal.

See Avenue Financal bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Avenue Financal stock analysis.

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Avenue Financal Moving Average

Moving averages help predict the price direction of AVNU stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Avenue Financal are mostly signals of long term trends and will help long term traders.

Avenue Financal Bollinger Bands

Bollinger bands comprise of a center line usually AVNU SMA, and two AVNU 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. Avenue Financal bollinger bands show that the stock price is $19.65, upper band is 20.46, lower band is 18.58, and the average is 19.52.

Avenue Financal 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 Avenue Financal MACD indicator is above 0 indicating a bullish trend.

Avenue Financal Relative Strength Index

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of AVNU stock is 48.94.