Forrester Research Technical Analysis (NASDAQ:FORR)
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 FORR stock chart pattern can give those who understand technical analysis an indication of which way FORR stock is headed, but cannot predict with 100% certainty as to what can happen to the Forrester Research 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 Forrester Research. 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 Forrester Research stock analysis.
Forrester Research Moving Average
Moving averages help predict the price direction of FORR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $47.71 is above the price of $45.25.
Forrester Research Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Forrester Research. 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 Forrester Research bollinger bands.
Forrester Research 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 Forrester Research MACD indicator can be used to identify bullish and bearish trends for the stock.
Forrester Research 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. 7.53 is the RSI value of FORR stock.