AMEC FOSTER WHL Technical Analysis (NYSE:AMFW)
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. The AMEC FOSTER WHL stock price data and volume are plotted in AMFW stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for AMEC FOSTER WHL. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of AMEC FOSTER WHL stock analysis.
AMEC FOSTER WHL Moving Average
Moving averages show the average price of AMFW 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 $6.55 is below the last closing price of $7.01 and the 50 day moving average of $5.98 is below the last closing price of $7.01. The 10 and 20 day periods can predict short term moving average trends.
AMEC FOSTER WHL Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like AMEC FOSTER WHL. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $7.01 is in the upper range of AMEC FOSTER WHL bollinger bands.
AMEC FOSTER WHL 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 AMEC FOSTER WHL MACD line is above the signal line.
AMEC FOSTER WHL Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of AMFW stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.