Phoenix New Media Technical Analysis (NYSE:FENG)
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. Just by looking at the Phoenix New Media stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FENG stock chart which creates a trading signal.
See Phoenix New Media bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Phoenix New Media stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Phoenix New Media Moving Average
Moving averages help predict the price direction of FENG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Phoenix New Media are mostly signals of long term trends and will help long term traders.
Phoenix New Media Bollinger Bands
Bollinger bands comprise of a center line usually FENG SMA, and two FENG 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. The stock price is trading between the average and the lower band in the context of Phoenix New Media bollinger bands.
Phoenix New Media 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 Phoenix New Media MACD indicator is below 0 indicating a bearish trend.
Phoenix New Media 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 . 35 is the RSI value of FENG stock.