Under Armour Inc Technical Analysis (NYSE:UA)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Under Armour Inc 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 UA stock chart which creates a trading signal.
See Under Armour Inc bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Under Armour Inc stock analysis that does not care for the fair value of a company but uses price and volume data only.
Under Armour Inc Moving Average
Moving averages show the average price of UA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $14.69 is above the last closing price of $13.72 and the 50 day moving average of $14.03 is above the last closing price of $13.72. The 10 and 20 day periods can predict short term moving average trends.
Under Armour Inc Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the UA stock. Currently the stock price of $13.72 is in the lower range of Under Armour Inc bollinger bands.
Under Armour Inc 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 Under Armour Inc MACD indicator can be used to identify bullish and bearish trends for the stock.
Under Armour Inc 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 UA stock is 18.71.