First Guaranty Technical Analysis (NASDAQ:FGBI)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. A FGBI stock chart pattern can give those who understand technical analysis an indication of which way FGBI stock is headed, but cannot predict with 100% certainty as to what can happen to the First Guaranty stock price.
See First Guaranty bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of First Guaranty stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
First Guaranty Moving Average:
Moving averages show the average price of FGBI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling FGBI moving average implies that First Guaranty stock price is falling.
First Guaranty 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 FGBI stock. The stock price is trading between the average and the lower band in the context of First Guaranty bollinger bands.
First Guaranty 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 First Guaranty MACD indicator is below 0 indicating a bearish trend.
First Guaranty Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of FGBI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .