AGL Resources Technical Analysis (NYSE:GAS)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The AGL Resources stock price data and volume are plotted in GAS stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for AGL Resources. 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 AGL Resources stock analysis.
AGL Resources Moving Average
Moving averages show the GAS 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 $65.89 is below the last closing price of $65.97 and the 50 day moving average of $65.81 is below the last closing price of $65.97. The 10 and 20 day periods can predict short term moving average trends.
AGL Resources Bollinger Bands
Bollinger bands comprise of a center line usually GAS SMA, and two GAS 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. Currently the stock price of $65.97 is in the upper range of AGL Resources bollinger bands.
AGL Resources 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 AGL Resources MACD indicator can be used to identify bullish and bearish trends for the stock.
AGL Resources 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 . The relative strength index of GAS stock is 53.12.