First Foundation Technical Analysis (NASDAQ:FFWM)
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 FFWM stock chart pattern can give those who understand technical analysis an indication of which way FFWM stock is headed, but cannot predict with 100% certainty as to what can happen to the First Foundation stock price.
See First Foundation bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 First Foundation stock analysis.
First Foundation Moving Average
Moving averages show the FFWM 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 $18.53 is below the price of $19.49.
First Foundation Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the FFWM stock. Currently the stock price of $19.49 is in the upper range of First Foundation bollinger bands.
First Foundation 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 First Foundation MACD indicator is below 0 indicating a bearish trend.
First Foundation 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. If the RSI of FFWM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.