Farmer & Merchant Technical Analysis (NASDAQ:FMAO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The FMAO stock chart pattern can give those who understand technical analysis an indication of which way FMAO stock is headed, but cannot predict with 100% certainty as to what can happen to the Farmer & Merchant stock price.
See Farmer & Merchant bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Farmer & Merchant stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Farmer & Merchant Moving Average
Moving averages show the average price of FMAO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $39.38 is above the price of $38.93.
Farmer & Merchant 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 FMAO stock. Currently the stock price of $38.93 is in the lower range of Farmer & Merchant bollinger bands.
Farmer & Merchant 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 Farmer & Merchant MACD line is above the signal line.
Farmer & Merchant 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 FMAO stock is 43.64.