Avis Budget Group Technical Analysis (NASDAQ:CAR)
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 Avis Budget Group 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 CAR stock chart which creates a trading signal.
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 Avis Budget Group. Technical analysis uses an approach for Avis Budget Group stock analysis that does not care for the fair value of a company but uses price and volume data only.
Avis Budget Group Moving Average
Moving averages show the CAR 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 $46.53 is below the last closing price of $50.35 and the 50 day moving average of $44.79 is below the last closing price of $50.35. The 10 and 20 day periods can predict short term moving average trends.
Avis Budget Group Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Avis Budget Group. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Avis Budget Group bollinger bands.
Avis Budget Group 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 Avis Budget Group MACD indicator is below 0 indicating a bearish trend.
Avis Budget Group 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 CAR stock is 81.03.