Flushing Financial Technical Analysis (NASDAQ:FFIC)
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 Flushing Financial 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 FFIC stock chart which creates a trading signal.
See Flushing Financial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Flushing Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Flushing Financial Moving Average
Moving averages show the FFIC 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Flushing Financial are mostly signals of long term trends and will help long term traders.
Flushing Financial Bollinger Bands
Bollinger bands comprise of a center line usually FFIC SMA, and two FFIC 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. Currently the stock price of $27.13 is in the lower range of Flushing Financial bollinger bands.
Flushing Financial Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Flushing Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Flushing Financial 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 FFIC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.