Ferrellgas Partners Technical Analysis (NYSE:FGP)
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 FGP stock chart pattern can give those who understand technical analysis an indication of which way FGP stock is headed, but cannot predict with 100% certainty as to what can happen to the Ferrellgas Partners stock price.
See Ferrellgas Partners bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Ferrellgas Partners stock analysis that does not care for the fair value of a company but uses price and volume data only.
Ferrellgas Partners Moving Average
Moving averages help predict the price direction of FGP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Ferrellgas Partners are mostly signals of long term trends and will help long term traders.
Ferrellgas Partners Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Ferrellgas Partners. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $3.33 is in the lower range of Ferrellgas Partners bollinger bands.
Ferrellgas Partners 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 Ferrellgas Partners MACD indicator is below 0 indicating a bearish trend.
Ferrellgas Partners 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. The relative strength index of FGP stock is 26.26.