Equitable Financial Technical Analysis (NASDAQ:EQFN)
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. Just by looking at the Equitable Financial 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 EQFN stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Equitable Financial. 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 Equitable Financial stock analysis.
Equitable Financial Moving Average:
Moving averages help predict the price direction of EQFN 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 $10.28 is below the price of $10.38.
Equitable Financial Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Equitable Financial stock price relative to previous trades. Equitable Financial bollinger bands show that the stock price is $10.38, upper band is 8.55, lower band is 8.26, and the average is 8.41.
Equitable Financial Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Equitable Financial MACD indicator is below 0 indicating a bearish trend.
Equitable Financial 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 . 72.83 is the RSI value of EQFN stock. .