Benefitfocus Technical Analysis (NASDAQ:BNFT)
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. The Benefitfocus stock price data and volume are plotted in BNFT 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 Benefitfocus. Technical analysis uses an approach for Benefitfocus stock analysis that does not care for the fair value of a company but uses price and volume data only.
Benefitfocus Moving Average
Moving averages help predict the price direction of BNFT 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 $35.49 is below the price of $36.9.
Benefitfocus Bollinger Bands
Bollinger bands comprise of a center line usually BNFT SMA, and two BNFT stock price bands above and below it. The stock is considered overbought 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 Benefitfocus bollinger bands.
Benefitfocus 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 Benefitfocus MACD indicator is above 0 indicating a bullish trend.
Benefitfocus 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 BNFT stock is 65.92.