AZZ Technical Analysis (NYSE:AZZ)
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 AZZ stock price data and volume are plotted in AZZ stock charts and these trading charts form the basis of technical analysis.
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 AZZ. 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 AZZ stock analysis.
AZZ Moving Average
Moving averages show the AZZ stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $43.19 is above the last closing price of $42 and the 50 day moving average of $44.12 is above the last closing price of $42. The 10 and 20 day periods can predict short term moving average trends.
AZZ Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like AZZ. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $42 is in the lower range of AZZ bollinger bands.
AZZ 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 AZZ MACD indicator can be used to identify bullish and bearish trends for the stock.
AZZ 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 . If the RSI of AZZ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.