Fresh Del Monte Produce Technical Analysis (NYSE:FDP)
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. When a chart pattern that can predict future Fresh Del Monte Produce stock price movements is formed, the FDP stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Fresh Del Monte Produce. 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 Fresh Del Monte Produce stock analysis.
Fresh Del Monte Produce Moving Average:
Moving averages help predict the price direction of FDP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $49.5 is above the price of $46.56.
Fresh Del Monte Produce 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 FDP stock. Currently the stock price of $46.56 is in the lower range of Fresh Del Monte Produce bollinger bands.
Fresh Del Monte Produce 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 Fresh Del Monte Produce MACD indicator can be used to identify bullish and bearish trends for the stock.
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. The relative strength index of FDP stock is 29.21. .