Flexshopper Technical Analysis (NASDAQ:FPAY)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Flexshopper stock price data and volume are plotted in FPAY stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Flexshopper. Technical analysis uses an approach for Flexshopper stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Flexshopper Moving Average:
Moving averages help predict the price direction of FPAY 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 $4.05 is below the last closing price of $4.06 and the 50 day moving average of $4.13 is above the $4.06 price. The 10 and 20 day periods can predict short term moving average trends.
Flexshopper Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Flexshopper stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Flexshopper bollinger bands.
Flexshopper 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 Flexshopper MACD indicator is above 0 indicating a bullish trend.
Flexshopper 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. If the RSI of FPAY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .