Fluor Technical Analysis (NYSE:FLR)
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. When a chart pattern that can predict future Fluor stock price movements is formed, the FLR stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Fluor. 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. The 20 day moving average of $42.14 is above the last closing price of $38.44 and the 50 day moving average of $44.03 is above the $38.44 price. The 10 and 20 day periods can predict short term moving average trends.
Fluor Bollinger Bands:
Bollinger bands comprise of a center line usually FLR SMA, and two FLR stock price bands above and below it. The stock is considered over brought 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 $38.44 is in the upper range of Fluor bollinger bands.
Fluor 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 Fluor MACD line is above the signal line.
Fluor 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 FLR stock is 10.67. .