Foamix Technical Analysis (NASDAQ:FOMX)
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 Foamix 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 FOMX stock chart which creates a trading signal.
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 Foamix. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Foamix stock analysis.
Foamix Moving Average
Moving averages help predict the price direction of FOMX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Foamix are mostly signals of long term trends and will help long term traders.
Foamix 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 FOMX stock. The stock price is trading between the average and the lower band in the context of Foamix bollinger bands.
Foamix Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Foamix MACD line is below the signal line.
Foamix 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 FOMX stock is 43.28.