Foster Wheeler Technical Analysis (NASDAQ:FWLT)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A FWLT stock chart pattern can give those who understand technical analysis an indication of which way FWLT stock is headed, but cannot predict with 100% certainty as to what can happen to the Foster Wheeler stock price.
See Foster Wheeler bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Foster Wheeler stock analysis using these technical indicators helps identify trading opportunities.
Foster Wheeler Moving Average:
Moving averages help predict the price direction of FWLT 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 $30.05 is above the price of $27.52.
Foster Wheeler Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Foster Wheeler. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Foster Wheeler bollinger bands show that the stock price is $27.52, upper band is 36.32, lower band is 28.07, and the average is 32.19.
Foster Wheeler 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 Foster Wheeler MACD indicator can be used to identify bullish and bearish trends for the stock.
Foster Wheeler 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. 21.98 is the RSI value of FWLT stock. .