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. When a chart pattern that can predict future Phoenix New Media stock price movements is formed, the FENG stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Phoenix New Media. 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 Phoenix New Media stock analysis.
Phoenix New Media Moving Average:
FENG stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Phoenix New Media chart patterns after the calculations remain the same. The 100 day moving average of 3.37 is below the last closing price of 6.12. Moving averages can be used for FENG trend identification. A rising moving average shows that stock prices are generally increasing.
Phoenix New Media Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Phoenix New Media stock price relative to previous trades. Phoenix New Media bollinger bands show that the stock price is $6.12, upper band is 13.2, lower band is 10.75, and the average is 11.97.
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 . If the RSI of FENG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .