Forward Industries Technical Analysis (NASDAQ:FORD)
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 Forward Industries 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 FORD stock chart which creates a trading signal.
See Forward Industries bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Forward Industries stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Forward Industries Moving Average
Moving averages show the FORD stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $1.61 is above the last closing price of $1.55 and the 50 day moving average of $1.82 is above the last closing price of $1.55. The 10 and 20 day periods can predict short term moving average trends.
Forward Industries Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Forward Industries. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $1.55 is in the lower range of Forward Industries bollinger bands.
Forward Industries 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 Forward Industries MACD indicator can be used to identify bullish and bearish trends for the stock.
Forward Industries Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 33.33 is the RSI value of FORD stock.