FirstEnergy Technical Analysis (NYSE:FE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The FE stock chart pattern can give those who understand technical analysis an indication of which way FE stock is headed, but cannot predict with 100% certainty as to what can happen to the FirstEnergy stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for FirstEnergy. 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 FirstEnergy stock analysis.
FirstEnergy Moving Average
Moving averages show the FE 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $35.77 is below the price of $36.65.
FirstEnergy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like FirstEnergy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of FirstEnergy bollinger bands.
FirstEnergy 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 FirstEnergy MACD indicator can be used to identify bullish and bearish trends for the stock.
FirstEnergy 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 FE stock is 71.43.