Allscripts Healthcare Technical Analysis (NASDAQ:MDRX)
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 MDRX stock chart pattern can give those who understand technical analysis an indication of which way MDRX stock is headed, but cannot predict with 100% certainty as to what can happen to the Allscripts Healthcare stock price.
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 Allscripts Healthcare. Technical analysis uses an approach for Allscripts Healthcare stock analysis that does not care for the fair value of a company but uses price and volume data only.
Allscripts Healthcare Moving Average
Moving averages show the MDRX 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $12.28 is below the price of $12.6.
Allscripts Healthcare Bollinger Bands
Bollinger bands comprise of a center line usually MDRX SMA, and two MDRX 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 $12.6 is in the upper range of Allscripts Healthcare bollinger bands.
Allscripts Healthcare 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 Allscripts Healthcare MACD indicator can be used to identify bullish and bearish trends for the stock.
Allscripts Healthcare Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of MDRX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.