Fluor Technical Analysis (NYSE:FLR)
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 FLR stock chart pattern can give those who understand technical analysis an indication of which way FLR stock is headed, but cannot predict with 100% certainty as to what can happen to the Fluor stock price.
See Fluor bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Fluor stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Fluor Moving Average
Moving averages help predict the price direction of FLR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $57.5 is below the price of $58.9.
Fluor Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Fluor. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Fluor bollinger bands show that the stock price is $58.9, upper band is 58.83, lower band is 56.17, and the average is 57.5.
Fluor 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 Fluor MACD line is below the signal line.
Fluor 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 FLR stock is 52.33.