First Solar Technical Analysis (NASDAQ:FSLR)
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. The FSLR stock chart pattern can give those who understand technical analysis an indication of which way FSLR stock is headed, but cannot predict with 100% certainty as to what can happen to the First Solar stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for First Solar. Technical analysis uses an approach for First Solar stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Solar Moving Average
Moving averages show the average price of FSLR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $66.27 is below the price of $68.74.
First Solar Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like First Solar. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. First Solar bollinger bands show that the stock price is $68.74, upper band is 70.98, lower band is 61.56, and the average is 66.27.
First Solar 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 First Solar MACD indicator is above 0 indicating a bullish trend.
First Solar Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of FSLR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.