First Niagara Financial Technical Analysis (NASDAQ:FNFG)
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. Just by looking at the First Niagara Financial stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FNFG stock chart which creates a trading signal.
See First Niagara Financial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for First Niagara Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Niagara Financial Moving Average
Moving averages help predict the price direction of FNFG 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 $10.05 is below the last closing price of $10.18 and the 50 day moving average of $10.26 is above the last closing price of $10.18. The 10 and 20 day periods can predict short term moving average trends.
First Niagara Financial Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like First Niagara Financial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of First Niagara Financial bollinger bands.
First Niagara Financial 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 First Niagara Financial MACD line is above the signal line.
First Niagara Financial Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of FNFG stock is 66.02.