Foresight Energy Technical Analysis (NYSE:FELP)
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 Foresight Energy stock price data and volume are plotted in FELP stock charts and these trading charts form the basis of technical analysis.
See Foresight Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Foresight Energy stock analysis.
Foresight Energy Moving Average
Moving averages show the FELP 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 $3.88 is above the last closing price of $3.8 and the 50 day moving average of $3.8 is below the last closing price of $3.8. The 10 and 20 day periods can predict short term moving average trends.
Foresight Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Foresight Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Foresight Energy bollinger bands show that the stock price is $3.8, upper band is 4.08, lower band is 3.68, and the average is 3.88.
Foresight Energy 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 Foresight Energy MACD indicator is below 0 indicating a bearish trend.
Foresight Energy Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of FELP stock is 49.21.