What is the recent price quote for Algorand?
How much is one Algorand in US dollars?
As of 9/28/2022, one coin trades at about 0.36 US dollars for Algorand.
Is Algorand oversold or overbought?
Using the RSI indicator, where does Algorand stand?
For digital asset traders who incorporate Technical Analysis into their strategies, one of the popular historical price chart tools is the Relative Strength Index (RSI). This popular indicator, originally developed for stock market analysis in the 1970's by J. Welles Wilder, looks at a 14-day moving average of an asset's gains on its up days, versus its losses on its down days. The result is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. We calculate the current RSI value for Algorand to be 62.41 as of 9/28/2022.
What is the current DMA for Algorand?
DMA meaning daily moving average, with Algorand historical price chart moving average periods of 50 and 200?
One of the popular technical analysis tools is to calculate a Simple Moving Average (SMA), with a look-back of either a shorter or longer term period — with popular periods being the 50 day moving average ("50 DMA") for the shorter period, and the 200 day moving average ("200 DMA") for the longer period. We calculate the current 50 DMA for Algorand to be 0.32, and the current 200 DMA for Algorand to be 0.47 as of 9/28/2022.
What is Algorand's MACD based on its DMA values?
MACD referring to the moving average convergence / divergence indicator.
For the 50 DMA and 200 DMA discussed above, the current MACD is 0.15 based on the Algorand historical price chart as of 9/28/2022.