Alleghany Technical Analysis (NYSE:Y)
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 Alleghany 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 Y 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 Alleghany. 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 Alleghany stock analysis.
Alleghany Moving Average
Moving averages show the Y 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 $629.17 is below the price of $637.41.
Alleghany Bollinger Bands
Bollinger bands comprise of a center line usually Y SMA, and two Y 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 $637.41 is in the upper range of Alleghany bollinger bands.
Alleghany 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 Alleghany MACD indicator is below 0 indicating a bearish trend.
Alleghany 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 Y stock is 57.53.