Entegra Financial Technical Analysis (NASDAQ:ENFC)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Entegra Financial stock price data and volume are plotted in ENFC stock charts and these trading charts form the basis of technical analysis.
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 Entegra Financial. The technical analysis form of Entegra Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Entegra Financial Moving Average:
ENFC stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Entegra Financial chart patterns after the calculations remain the same. The 100 day moving average of 3.64 is above the last closing price of 19.55. Moving averages can be used for ENFC trend identification. A rising moving average shows that stock prices are generally increasing.
Entegra Financial Bollinger Bands:
Bollinger bands comprise of a center line usually ENFC SMA, and two ENFC stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Entegra Financial bollinger bands.
Entegra Financial Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Entegra Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Entegra Financial Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ENFC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .