Fox Factory Holding Technical Analysis (NASDAQ:FOXF)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Fox Factory Holding 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 FOXF stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Fox Factory Holding. Technical analysis uses an approach for Fox Factory Holding stock analysis that does not care for the fair value of a company but uses price and volume data only.
Fox Factory Holding Moving Average
Moving averages help predict the price direction of FOXF 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 $42.46 is below the last closing price of $46.5 and the 50 day moving average of $38.55 is below the last closing price of $46.5. The 10 and 20 day periods can predict short term moving average trends.
Fox Factory Holding 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 FOXF stock. Fox Factory Holding bollinger bands show that the stock price is $46.5, upper band is 46.72, lower band is 38.21, and the average is 42.46.
Fox Factory Holding 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 Fox Factory Holding MACD indicator is above 0 indicating a bullish trend.
Fox Factory Holding 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 FOXF stock is 87.16.