Bridgford Foods Technical Analysis (NASDAQ:BRID)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The BRID stock chart pattern can give those who understand technical analysis an indication of which way BRID stock is headed, but cannot predict with 100% certainty as to what can happen to the Bridgford Foods stock price.
See Bridgford Foods bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Bridgford Foods stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Bridgford Foods Moving Average
Moving averages show the BRID stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Bridgford Foods are mostly signals of long term trends and will help long term traders.
Bridgford Foods Bollinger Bands
Bollinger bands comprise of a center line usually BRID SMA, and two BRID 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. Currently the stock price of $14.14 is in the upper range of Bridgford Foods bollinger bands.
Bridgford Foods 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 Bridgford Foods MACD indicator can be used to identify bullish and bearish trends for the stock.
Bridgford Foods 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 BRID stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.