Franklin Electric Technical Analysis (NASDAQ:FELE)
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 Franklin Electric stock price data and volume are plotted in FELE stock charts and these trading charts form the basis of technical analysis.
See Franklin Electric bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Franklin Electric stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Franklin Electric Moving Average
Moving averages show the average price of FELE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $41.44 is below the last closing price of $42.45 and the 50 day moving average of $43.03 is above the last closing price of $42.45. The 10 and 20 day periods can predict short term moving average trends.
Franklin Electric Bollinger Bands
Bollinger bands comprise of a center line usually FELE SMA, and two FELE 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. Franklin Electric bollinger bands show that the stock price is $42.45, upper band is 43.78, lower band is 39.1, and the average is 41.44.
Franklin Electric 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 Franklin Electric MACD indicator is below 0 indicating a bearish trend.
Franklin Electric 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. If the RSI of FELE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.