Foundation Medicine Technical Analysis (NASDAQ:FMI)
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 FMI stock chart pattern can give those who understand technical analysis an indication of which way FMI stock is headed, but cannot predict with 100% certainty as to what can happen to the Foundation Medicine stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Foundation Medicine. The technical analysis form of Foundation Medicine stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Foundation Medicine Moving Average
Moving averages help predict the price direction of FMI 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 $77.85 is below the last closing price of $82.6 and the 50 day moving average of $72.11 is below the last closing price of $82.6. The 10 and 20 day periods can predict short term moving average trends.
Foundation Medicine Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Foundation Medicine. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $82.6 is in the upper range of Foundation Medicine bollinger bands.
Foundation Medicine 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 Foundation Medicine MACD line is below the signal line.
Foundation Medicine Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.5 is the RSI value of FMI stock.