Equitable Financial Technical Analysis (NASDAQ:EQFN)
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 EQFN stock chart pattern can give those who understand technical analysis an indication of which way EQFN stock is headed, but cannot predict with 100% certainty as to what can happen to the Equitable Financial stock price.
See Equitable Financial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Equitable Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Equitable Financial Moving Average
Moving averages show the average price of EQFN 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 $10.59 is above the last closing price of $10.5 and the 50 day moving average of $10.57 is above the last closing price of $10.5. The 10 and 20 day periods can predict short term moving average trends.
Equitable Financial Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Equitable Financial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Equitable Financial bollinger bands show that the stock price is $10.5, upper band is 10.84, lower band is 10.33, and the average is 10.59.
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 can be used to identify bullish and bearish trends for the stock.
Equitable Financial 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. If the RSI of EQFN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.