Fenix Parts Technical Analysis (NASDAQ:FENX)
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. Just by looking at the Fenix Parts 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 FENX 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 Fenix Parts. Technical analysis uses an approach for Fenix Parts stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Fenix Parts Moving Average:
Moving averages help predict the price direction of FENX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $11.15 is below the price of $2.29.
Fenix Parts 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 FENX stock. Currently the stock price of $2.29 is in the upper range of Fenix Parts bollinger bands.
Fenix Parts Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Fenix Parts MACD indicator can be used to identify bullish and bearish trends for the stock.
Fenix Parts 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. The relative strength index of FENX stock is 63.55. .