Westport Fuel Systems Technical Analysis (NASDAQ:WPRT)
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. Just by looking at the Westport Fuel Systems 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 WPRT stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Westport Fuel Systems. Technical analysis uses an approach for Westport Fuel Systems stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Westport Fuel Systems Moving Average:
Moving averages show the average price of WPRT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $0.94 is above the last closing price of $0.85 and the 50 day moving average of $1.1 is above the $0.85 price. The 10 and 20 day periods can predict short term moving average trends.
Westport Fuel Systems 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 WPRT stock. Westport Fuel Systems bollinger bands show that the stock price is $0.85, upper band is 11.72, lower band is 9.84, and the average is 13.6.
Westport Fuel Systems 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 Westport Fuel Systems MACD line is below the signal line.
Westport Fuel Systems Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 16.18 is the RSI value of WPRT stock. .