Forum Energy Technical Analysis (NYSE:FET)
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 FET stock chart pattern can give those who understand technical analysis an indication of which way FET stock is headed, but cannot predict with 100% certainty as to what can happen to the Forum Energy stock price.
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 Forum Energy. Technical analysis uses an approach for Forum Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
Forum Energy Moving Average
Moving averages show the FET 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $12.33 is below the price of $12.4.
Forum Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Forum Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Forum Energy bollinger bands show that the stock price is $12.4, upper band is 12.97, lower band is 11.69, and the average is 12.33.
Forum Energy 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 Forum Energy MACD indicator is below 0 indicating a bearish trend.
Forum Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of FET stock is 52.56.