General Finance Technical Analysis (NASDAQ:GFN)
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. Just by looking at the General Finance 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 GFN stock chart which creates a trading signal.
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 General Finance. Technical analysis uses an approach for General Finance stock analysis that does not care for the fair value of a company but uses price and volume data only.
General Finance Moving Average
Moving averages show the GFN 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 $7.19 is below the last closing price of $7.4 and the 50 day moving average of $7.17 is below the last closing price of $7.4. The 10 and 20 day periods can predict short term moving average trends.
General Finance Bollinger Bands
Bollinger bands comprise of a center line usually GFN SMA, and two GFN stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. General Finance bollinger bands show that the stock price is $7.4, upper band is 7.49, lower band is 6.9, and the average is 7.2.
General Finance 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 General Finance MACD line is below the signal line.
General Finance 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. The relative strength index of GFN stock is 86.67.