Exfo Technical Analysis (NASDAQ:EXFO)
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 Exfo 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 EXFO stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Exfo. Technical analysis uses an approach for Exfo stock analysis that does not care for the fair value of a company but uses price and volume data only.
Exfo Moving Average
Moving averages show the average price of EXFO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Exfo are mostly signals of long term trends and will help long term traders.
Exfo Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Exfo. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Exfo bollinger bands show that the stock price is $3.75, upper band is 3.76, lower band is 3.25, and the average is 3.51.
Exfo 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 Exfo MACD indicator is below 0 indicating a bearish trend.
Exfo 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. 64.29 is the RSI value of EXFO stock.