Financial Engines Technical Analysis (NASDAQ:FNGN)
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. Just by looking at the Financial Engines 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 FNGN stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Financial Engines. The technical analysis form of Financial Engines stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Financial Engines Moving Average:
Moving averages show the average price of FNGN 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 $36.49 is above the price of $31.25.
Financial Engines Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Financial Engines. 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 lower band in the context of Financial Engines bollinger bands.
Financial Engines 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 Financial Engines MACD indicator can be used to identify bullish and bearish trends for the stock.
Financial Engines 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. 12.89 is the RSI value of FNGN stock. .