Fresh Del Monte Produce Technical Analysis (NYSE:FDP)
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 FDP stock chart pattern can give those who understand technical analysis an indication of which way FDP stock is headed, but cannot predict with 100% certainty as to what can happen to the Fresh Del Monte Produce stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Fresh Del Monte Produce. Technical analysis uses an approach for Fresh Del Monte Produce stock analysis that does not care for the fair value of a company but uses price and volume data only.
Fresh Del Monte Produce Moving Average
Moving averages show the FDP 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 $47.54 is below the last closing price of $49.46 and the 50 day moving average of $47.06 is below the last closing price of $49.46. The 10 and 20 day periods can predict short term moving average trends.
Fresh Del Monte Produce Bollinger Bands
Bollinger bands comprise of a center line usually FDP SMA, and two FDP stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Fresh Del Monte Produce bollinger bands show that the stock price is $49.46, upper band is 51.22, lower band is 43.87, and the average is 47.54.
Fresh Del Monte Produce Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Fresh Del Monte Produce MACD indicator is below 0 indicating a bearish trend.
Fresh Del Monte Produce 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. 84.51 is the RSI value of FDP stock.