Fortuna Silver Mines Technical Analysis (NYSE:FSM)
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 Fortuna Silver Mines stock price data and volume are plotted in FSM stock charts and these trading charts form the basis of technical analysis.
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 Fortuna Silver Mines. Technical analysis uses an approach for Fortuna Silver Mines stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Fortuna Silver Mines Moving Average:
Moving averages help predict the price direction of FSM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for FSM trend identification. A rising moving average shows that stock prices are generally increasing.
Fortuna Silver Mines Bollinger Bands:
Bollinger bands comprise of a center line usually FSM SMA, and two FSM stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Fortuna Silver Mines bollinger bands.
Fortuna Silver Mines 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 Fortuna Silver Mines MACD indicator can be used to identify bullish and bearish trends for the stock.
Fortuna Silver Mines 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 . 38.39 is the RSI value of FSM stock. .