Fenix Parts Technical Analysis (OTCMKTS:FENX)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Fenix Parts stock price data and volume are plotted in FENX stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Fenix Parts. The technical analysis form of Fenix Parts stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Fenix Parts Moving Average
Moving averages show the average price of FENX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.44 is above the price of $0.48.
Fenix Parts Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Fenix Parts. 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 lower band in the context of Fenix Parts bollinger bands.
Fenix Parts 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 Fenix Parts MACD line is above the signal line.
Fenix Parts 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. 11.47 is the RSI value of FENX stock.