Flexshopper Technical Analysis (NASDAQ:FPAY)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Flexshopper 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 FPAY 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 Flexshopper. 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 Flexshopper stock analysis.
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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Flexshopper are mostly signals of long term trends and will help long term traders.
Flexshopper Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Flexshopper. 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 upper 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 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 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. 57.4 is the RSI value of FPAY stock.