Fortuna Silver Mines Technical Analysis (NYSE:FSM)
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. 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.
See Fortuna Silver Mines bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Fortuna Silver Mines stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Fortuna Silver Mines Moving Average
Moving averages show the FSM stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $5.55 is below the last closing price of $5.6 and the 50 day moving average of $5.61 is above the last closing price of $5.6. The 10 and 20 day periods can predict short term moving average trends.
Fortuna Silver Mines 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 FSM stock. Fortuna Silver Mines bollinger bands show that the stock price is $5.6, upper band is 5.66, lower band is 5.45, and the average is 5.55.
Fortuna Silver Mines 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 Fortuna Silver Mines MACD indicator is above 0 indicating a bullish trend.
Fortuna Silver Mines Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 53.85 is the RSI value of FSM stock.