FireEye Technical Analysis (NASDAQ:FEYE)
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. Just by looking at the FireEye 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 FEYE stock chart which creates a trading signal.
See FireEye bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for FireEye stock analysis that does not care for the fair value of a company but uses price and volume data only.
FireEye Moving Average
Moving averages show the average price of FEYE 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 $15.45 is above the price of $14.43.
FireEye Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like FireEye. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $14.43 is in the lower range of FireEye bollinger bands.
FireEye 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 FireEye MACD line is below the signal line.
FireEye 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 FEYE stock is 28.34.