Colfax Technical Analysis (NYSE:CFX)
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 CFX stock chart pattern can give those who understand technical analysis an indication of which way CFX stock is headed, but cannot predict with 100% certainty as to what can happen to the Colfax stock price.
See Colfax bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Colfax stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Colfax Moving Average
Moving averages help predict the price direction of CFX 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 $35.44 is below the price of $36.47.
Colfax Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Colfax. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Colfax bollinger bands show that the stock price is $36.47, upper band is 36.69, lower band is 34.18, and the average is 35.44.
Colfax 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 Colfax MACD indicator can be used to identify bullish and bearish trends for the stock.
Colfax 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 . 64.17 is the RSI value of CFX stock.