Freshpet Technical Analysis (NASDAQ:FRPT)
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 Freshpet stock price data and volume are plotted in FRPT stock charts and these trading charts form the basis of technical analysis.
See Freshpet bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Freshpet stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Freshpet Moving Average
Moving averages help predict the price direction of FRPT 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 $20.26 is below the price of $21.75.
Freshpet 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 FRPT stock. The stock price is trading between the average and the upper band in the context of Freshpet bollinger bands.
Freshpet 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 Freshpet MACD line is below the signal line.
Freshpet 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 . If the RSI of FRPT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.