Foster Wheeler Technical Analysis (NASDAQ:FWLT)
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. Just by looking at the Foster Wheeler stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FWLT stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Foster Wheeler. The technical analysis form of Foster Wheeler stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Foster Wheeler Moving Average
Moving averages show the average price of FWLT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $30.05 is above the last closing price of $27.52 and the 50 day moving average of $30.46 is above the last closing price of $27.52. The 10 and 20 day periods can predict short term moving average trends.
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. The stock price is trading between the average and the lower band in the context of Foster Wheeler bollinger bands.
Foster Wheeler Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. 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. If the RSI of FWLT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.