Fortune Brands Technical Analysis (NYSE:FBHS)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Fortune Brands stock price data and volume are plotted in FBHS stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Fortune Brands. 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 Fortune Brands stock analysis.
Fortune Brands Moving Average
Moving averages show the FBHS stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $57.05 is above the last closing price of $55.5 and the 50 day moving average of $56.78 is above the last closing price of $55.5. The 10 and 20 day periods can predict short term moving average trends.
Fortune Brands 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 FBHS stock. The stock price is trading between the average and the lower band in the context of Fortune Brands bollinger bands.
Fortune Brands 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 Fortune Brands MACD indicator is above 0 indicating a bullish trend.
Fortune Brands 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. The relative strength index of FBHS stock is 42.