FARO Technologies Technical Analysis (NASDAQ:FARO)
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 FARO stock chart pattern can give those who understand technical analysis an indication of which way FARO stock is headed, but cannot predict with 100% certainty as to what can happen to the FARO Technologies stock price.
See FARO Technologies bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of FARO Technologies stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
FARO Technologies Moving Average
Moving averages help predict the price direction of FARO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $52.43 is below the last closing price of $53.65 and the 50 day moving average of $57.15 is above the last closing price of $53.65. The 10 and 20 day periods can predict short term moving average trends.
FARO Technologies Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the FARO stock. FARO Technologies bollinger bands show that the stock price is $53.65, upper band is 54.8, lower band is 50.06, and the average is 52.43.
FARO Technologies 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 FARO Technologies MACD indicator can be used to identify bullish and bearish trends for the stock.
FARO Technologies Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of FARO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.